Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share of Common Stock

v3.19.1
Net Income (Loss) Per Share of Common Stock
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share of Common Stock
6. Net Income (Loss) Per Share of Common Stock
Diluted net income (loss) per share is the same as basic net income (loss) per share for all periods presented because the effects of potentially dilutive items were anti-dilutive. Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding.
 
The following table sets forth the computation of basic and diluted net income (loss) per share for common stockholders:
 
 
 
Three Months Ended March 31,
 
 
 
2019
 
 
2018
 
Net income (loss)
 
$
11,587,015
 
 
$
(19,106,481
)
Weighted average shares of common stock outstanding
 
 
79,409,556
 
 
 
73,656,534
 
Net loss per share of common stock—basic and diluted
 
$
0.15
 
 
$
(0.26
)
The following potentially dilutive securities outstanding at March 31, 2019 and 2018 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive:
 
 
 
March 31,
 
 
 
2019
 
 
2018
 
Options to purchase common stock
 
 
9,084,744
 
 
 
7,475,106
 
Warrants to purchase common stock
 
 
30,987,114
 
 
 
36,267,603
 
Total
 
 
40,071,858
 
 
 
43,742,709