Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.19.3
Net Loss Per Common Share
9 Months Ended
Sep. 30, 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 and nine months ended September 30, 2019 and 2018:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2019     2018     2019     2018  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,740,377 )   $ (2,888,667 )   $ (5,786,446 )   $ (4,642,400 )
Weighted-average common shares used to compute basic and diluted loss per share     12,146,110       11,770,178       12,038,819       11,684,659  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.14 )   $ (0.25 )   $ (0.48 )   $ (0.40 )

 

All unvested restricted stock units (“RSUs”), the 200,000 warrants granted to Opus Bank (“Opus”) and the 153,489 warrants granted to Silicon Valley Bank (“SVB”) 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.