Annual report pursuant to Section 13 and 15(d)

Net Loss Per Common Share

v3.8.0.1
Net Loss Per Common Share
 12 Months Ended
Dec. 31, 2017
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, 2017 and 2016:

 

    Years Ended December 31,  
    2017     2016  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (7,595,451 )   $ (9,549,248 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     11,010,432       10,036,988  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.69 )   $ (0.95 )

 

All unvested RSUs, the 200,000 warrants granted to Opus, the 125,000 warrants granted to SVB as part of the Company’s new financing 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.