| EARNINGS PER SHARE |
| 21 |
EARNINGS
PER SHARE |
| |
|
| |
The Company’s
potential dilutive securities, which include Series A Preferred stock, stock options, and outstanding warrants to purchase
shares of common stock, have been excluded from the computation of diluted net loss per share as the effect would be to reduce
the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and
diluted net loss per share attributable to common stockholders is the same. The following potential common shares, presented
based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share attributable
to common stockholders for the periods indicated because including them would have had an anti-dilutive effect: |
| |
|
For
the Three Months Ended
May 31, |
|
|
For
the Six Months Ended
May 31, |
|
| |
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
| Series
A Preferred Stock |
|
|
46,366,667 |
|
|
|
— |
|
|
|
46,366,667 |
|
|
|
— |
|
| Warrants |
|
|
27,837,023 |
|
|
|
35,862,319 |
|
|
|
27,837,023 |
|
|
|
35,862,319 |
|
| Stock
Options |
|
|
6,726,667 |
|
|
|
4,381,667 |
|
|
|
6,726,667 |
|
|
|
4,381,667 |
|
| Total |
|
|
80,930,357 |
|
|
|
40,243,986 |
|
|
|
80,930,357 |
|
|
|
40,243,986 |
|
|