Workhorse Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

9 Months Ended

Sep. 30, 2019

9. EARNINGS PER SHARE

Basic loss per share is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted earnings per share are calculated using the treasury stock method, on the basis of the weighted average number of shares outstanding plus the dilutive effect, if any, of stock options and warrants. For all periods presented, due to the Company’s net losses, all of the common stock equivalents were anti-dilutive and excluded from the calculation of diluted loss per share.

The following table shows the computation of basic and diluted earnings per share:


	Three Months Ended September 30,						Nine Months Ended September 30,
	2019		2018		2019		2018
Net loss	$	(11,493,587)	$	(5,485,553)	$	(37,817,959)	$	(18,812,656)
Deemed dividends	—		—		86,207		765,179
Net loss attributable to common shareholders	$	(11,493,587)	$	(5,485,553)	$	(37,904,166)	$	(19,577,835)

Basic weighted average shares outstanding	66,176,921		46,192,471		63,566,295		46,192,471
Dilutive effect of options and warrants	—		—		—		—
Diluted weighted average shares outstanding	66,176,921		46,192,471		63,566,295		46,192,471

Anti-dilutive options and warrants excluded from diluted average shares outstanding	32,917,619		4,558,927		32,917,619		4,558,927