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
 6 Months Ended
Jun. 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 June 30, 2018
 
Six Months Ended June 30, 2018
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net loss - basic
$
(661
)
 
$
(1,524
)
 
$
(4,947
)
 
$
(2,127
)
Adjustment for assumed conversion of warrants
81

 
—

 
(423
)
 
—

Net loss - diluted
$
(580
)
 
$
(1,524
)
 
$
(5,370
)
 
$
(2,127
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted-average common share equivalents - basic
26,922

 
22,876

 
25,077

 
22,871

Potential dilution from assumed conversion of warrants
—

 
—

 
499

 
—

Weighted-average common and common share equivalents - diluted
26,922

 
22,876

 
25,576

 
22,871

Anti-dilutive share-based awards and warrants excluded from the calculation of diluted loss per share
3,540

 
3,545

 
2,533

 
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.