Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY

v3.10.0.1
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY

The table below reconciles basic and diluted loss per share of common stock:
(In thousands, unaudited)
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income (loss) - basic
$
1,565

 
$
789

 
$
(3,382
)
 
$
(1,338
)
Adjustment for assumed conversion of warrants
(463
)
 
—

 
(886
)
 
—

Net income (loss) - diluted
$
1,102

 
$
789

 
$
(4,268
)
 
$
(1,338
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average common share equivalents - basic
26,932

 
22,891

 
25,702

 
22,877

Potential dilution from share-based awards
1,101

 
772

 
—

 
—

Potential dilution from assumed conversion of warrants
457

 
—

 
486

 
—

Weighted-average common and common share equivalents - diluted
28,490

 
23,663

 
26,188

 
22,877

Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share
152

 
1,487

 
2,576

 
3,545



In March 2018, we completed a registered direct offering for a total of 3,943,333 shares of our common stock at a price of $3.00 per share, resulting in net proceeds to us of approximately $11.4 million. We intend to use the net proceeds from this offering for general corporate purposes, including Phase One of our planned expansion of Bronco Billy’s Casino and Hotel in Cripple Creek, Colorado.