Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.8.0.1
Net Loss Per Common Share
 9 Months Ended
Sep. 30, 2017
Loss per common share:  
Net Loss Per Common Share

  6. NET LOss per COMMON share

 

The following table presents the weighted-average shares outstanding for basic and diluted net loss per share for the three and nine months ended September 30, 2017 and 2016:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
      2017       2016       2017       2016  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,632,816 )   $ (1,726,178 )   $ (6,664,818 )   $ (5,322,541 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     11,485,811       10,006,121       10,835,142       10,031,212  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.14 )   $ (0.17 )   $ (0.62 )   $ (0.53 )

 

All unvested restricted share units (“RSUs”), the 200,000 warrants granted to Opus in 2015 and 2016 and the two million warrants issued during the second quarter of 2017 as part of the sale of common stock have been excluded from the above calculations as they were anti-dilutive. Vested RSUs and vested restricted shares have been included in the above calculations.