Annual report pursuant to Section 13 and 15(d)

Net Loss Per Common Share

v3.7.0.1
Net Loss Per Common Share
 12 Months Ended
Dec. 31, 2016
Loss per common share:  
Net Loss Per Common Share

8. NET LOss per COMMON share

 

The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the years ended December 31, 2016 and 2015:

 

    Years Ended  
    December 31,  
    2016     2015  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (9,549,248 )   $ (4,894,385 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     10,036,988       9,732,806  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.95 )   $ (0.50 )

 

For the years ended December 31, 2016 and 2015, the 294,998 and 264,000 equity-based restricted stock awards, respectively, which are unvested, have been excluded from the above calculation as they were anti-dilutive. The net loss per share-diluted also excludes both the 248,625 and 553,473 of contingently issued shares at December 31, 2016 and 2015, respectively, and the 200,000 warrants granted to Opus, as the effect would be anti-dilutive.