Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.5.0.2
Net Loss Per Common Share
 9 Months Ended
Sep. 30, 2016
Loss per common share:  
Net Loss Per Common Share

7. NET LOss per COMMON share

 

The following table presents our basic and diluted net loss per share for the three and nine months ended September 30, 2016 and 2015:

 

    Three Months Ended     Nine Months Ended  
    September 30,     September 30,  
    2016     2015     2016     2015  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,726,178 )   $ (1,233,327 )   $ (5,322,541 )   $ (3,886,613 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     10,006,121       9,730,728       10,031,212       9,712,721  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.17 )   $ (0.13 )   $ (0.53 )   $ (0.40 )

 

Unvested restricted stock units (“RSUs”) of 294,460 and 401,732 as of September 30, 2016 and 2015, respectively have been excluded from the above calculation as they were anti-dilutive. Vested RSUs and restricted shares have been included in the above calculations.

 

The net loss per share-diluted excludes both the 248,625 and 1,287,529 of contingently issued shares at September 30, 2016 and 2015, respectively, and the 200,000 warrants granted to Opus, as the effect would be anti-dilutive.