22. LOSS PER SHARE
Both the basic and diluted loss per share have been calculated using the loss attributable to shareholders of the Company as the numerator. The weighted average number of common shares outstanding used for basic loss per share for the year ended December 31, 2017 amounted to 81,523,874 shares (2016: 67,465,300 and 2015: 65,397,132 shares).
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For the years ended December 31, |
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2017 |
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2016 |
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2015 |
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Weighted average number of common shares |
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81,523,874 |
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67,465,300 |
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65,397,132 |
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Loss for the period |
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$ |
(22,908,721 |
) |
$ |
(86,494,893 |
) |
$ |
(26,730,490 |
) |
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Basic loss per share |
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$ |
(0.28 |
) |
$ |
(1.28 |
) |
$ |
(0.41 |
) |
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As the Company is currently operating at a loss no dilutive potential ordinary shares have been identified as the conversion would lead to a decrease in loss per share