Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.8.0.1
Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2018
Loss per common share:  
Net Loss Per Common Share

5. 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 months ended March 31, 2018 and 2017:

 

    Three Months Ended  
    March 31,  
    2018     2017  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (700,296 )   $ (2,910,524 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     11,616,938       10,172,108  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.06 )   $ (0.29 )

 

All unvested restricted stock units (“RSUs”), the 200,000 warrants granted to Opus Bank (“Opus”), the 125,000 warrants granted to Silicon Valley Bank (“SVB”) 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.