Quarterly report pursuant to Section 13 or 15(d)

Reverse Stock Split

v3.10.0.1
Reverse Stock Split
 3 Months Ended
Jun. 30, 2018
Reverse Stock Split  
Reverse Stock Split

On September 6, 2017, the Company effected a one-share-for-twenty-five-shares reverse stock split of its common stock. All share and earnings per share information has been retroactively adjusted to reflect the stock split. The effect of this stock split on the Company’s earnings per share is as follows:

 

    For the three months ended June 30, 2018    

For the three months ended June 30, 2017

(Recast)

  
             
Basic and diluted net income per common share:            
             
Net income/(loss)   $ (6,883 )   $ 7,990  
                 
Net income/(loss) per common share - basic (in US dollars)   $ (0.12 )   $ 0.71  
Net income/(loss) per common share - diluted (in US dollars)   $ (0.12 )   $ 0.71  
                 
Shares used in the calculation of net income per common share:                
Basic     58,033,212       11,306,084  
Diluted     58,191,542       11,306,084