Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.5.0.2
Net Loss Per Common Share
 6 Months Ended
Jun. 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 six months ended June 30, 2016 and 2015:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2016     2015     2016     2015  
Basic and Diluted:                                
Net loss attributable to common shareholders   $ (1,453,541 )   $ (1,487,378 )   $ (3,596,363 )   $ (2,653,288 )
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share     10,002,864       9,719,858       10,043,894       9,703,568  
Net loss attributable to common shareholders per share - Basic and Diluted   $ (0.15 )   $ (0.15 )   $ (0.36 )   $ (0.27 )

 

The unvested restricted stock units (“RSUs”) 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 June 30, 2016 and 2015, respectively, and the 100,000 warrants granted to Opus Bank in September 2015, as the effect would be anti-dilutive.