Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.19.1
Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Common Share

5. 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, 2019 and 2018:

 

    Three Months Ended  
    March 31,  
    2019     2018  
Basic and Diluted:                
Net loss attributable to common shareholders   $ (1,788,391 )   $ (700,296 )
Weighted-average common shares  used to compute basic and diluted loss per share     11,946,003       11,616,938  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.15 )   $ (0.06 )

 

All unvested restricted stock units (“RSUs”), the 200,000 warrants granted to Opus Bank (“Opus”), the 153,489 warrants granted to Silicon Valley Bank (“SVB”) and, for the three months ended March 31, 2018, the 2 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.