Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

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Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2018
Loss per common share:  
Net Loss Per Common Share

5. NET LOss per COMMON share

 

The following table presents the basic and diluted net loss per weighted-average shares outstanding for the three and six months ended June 30, 2018 and 2017:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2018     2017     2018     2017  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,053,437 )   $ (2,121,478 )   $ (1,753,733 )   $ (5,032,002 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     11,665,174       10,833,075       11,641,190       10,504,417  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.09 )   $ (0.20 )   $ (0.15 )   $ (0.48 )

 

All unvested restricted stock units (“RSUs”), the 200,000 warrants granted to Opus Bank (“Opus”), the 2,000,000 warrants issued during the second quarter of 2017 as part of the registered direct sale of common stock (which expired unexercised in May 2018) and the 125,000 warrants granted to Silicon Valley Bank (“SVB”) in October 2017 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.