Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.7.0.1
Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2017
Loss per common share:  
Net Loss Per Common Share

7. 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 six months ended June 30, 2017 and 2016:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2017     2016     2017     2016  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (2,121,478 )   $ (1,453,541 )   $ (5,032,002 )   $ (3,596,363 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     10,833,075       10,002,864       10,504,417       10,043,894  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.20 )   $ (0.15 )   $ (0.48 )   $ (0.36 )

 

The unvested restricted share units (“RSUs”), the 200,000 warrants granted to Opus in 2015 and 2016 and 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.