Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

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Net Loss Per Share of Common Stock
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock

6. Net Loss Per Share of Common Stock

Diluted net loss per share is the same as basic net loss per share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding.

The following table sets forth the computation of basic and diluted net loss per share for common stockholders:

 

     Three Months Ended September 30,      Nine Months Ended September 30,  
     2018      2017      2018      2017  

Net loss

   $ (4,377,747    $ (1,575,098    $ (43,620,120    $ (10,760,150

Weighted average shares of common stock outstanding

     77,447,599        64,960,354        74,934,774        49,509,486  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net loss per share of common stock—basic and diluted

   $ (0.06    $ (0.02    $ (0.58    $ (0.22
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The following potentially dilutive securities outstanding at September 30, 2018 and 2017 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive given the Company’s net loss:

 

     September 30,  
     2018      2017  

Options to purchase common stock

     7,248,198        6,016,984  

Warrants to purchase common stock

     31,265,182        36,270,103  
  

 

 

    

 

 

 

Total

     38,513,380        42,287,087