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SEC Filings

PRER14A
SCWORX CORP. filed this Form PRER14A on 01/07/2019
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Alliance MMA, Inc.

Notes to Financial Statements
The following table sets forth the computation of the Company’s basic and diluted net loss per share for the periods presented:
Year Ended December 31,
2017
2016
Net loss
$ (11,978,563) $ (4,159,394)
Weighted-average common shares used in computing net loss per share, basic
and diluted
10,679,989 5,520,801
Net loss per share, basic and diluted
$ (1.12) $ (0.75)
The following securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:
As of December 31,
2017
2016
Stock options (exercise price – $1.30 to $4.50 per share)
725,000 200,000
Warrants (exercise price – $1.50 to $7.43 per share)
2,239,574 222,230
Total common stock equivalents
2,964,574 422,230
Note 10. Income Taxes
The components of Loss before benefit from income taxes for the years ended December 31, 2017 and 2016 are as follows:
Years ended December 31,
2017
2016
Domestic
$ (11,290,457) $ (4,915,041)
Foreign
Loss before benefit from income taxes
$ (11,290,457) $ (4,915,041)
The Company incurred income tax expense of  $688,073 and income tax benefit $755,647 for the years ended December 31, 2017 and 2016, respectively. The income tax expense (benefit) for the year ended December 31, 2017 and 2016 includes the following:
Year Ended December 31,
2017
2016
Current income tax expense:
U.S. Federal
$ $
U.S. State
7,696
Total current
7,696
Deferred:
U.S. Federal
617,310 (647,889)
U.S. State
63,100 (107,758)
Total deferred
680,410 (755,647)
Total expense (benefit) from income taxes
$ 688,106 $ (755,647)
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