Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.7.0.1
Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2017
Loss per common share:  
Net Loss Per Common Share

7. NET LOss per COMMON share

 

The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three months ended March 31, 2017 and 2016:

 

    Three Months Ended  
    March 31,  
    2017     2016  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (2,910,524 )   $ (2,142,822 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     10,172,108       10,084,928  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.29 )   $ (0.21 )

 

The unvested restricted share units (“RSUs”) have been excluded from the above calculation as they were anti-dilutive. Vested RSUs and vested restricted shares have been included in the above calculations.

 

The net loss per share-diluted also excludes 248,625 of contingently issued shares at March 31, 2017 and 2016, and the 200,000 warrants granted to Opus, as the effect would be anti-dilutive.