Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

v3.19.3
Net Loss Per Share of Common Stock
9 Months Ended
Sep. 30, 2019
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,
 
    
2019
    
2018
    
2019
    
2018
 
Net loss
   $ (5,359,118 )    $ (4,377,747    $ (2,439,009 )    $ (43,620,120
Weighted average shares of common stock outstanding
     79,409,556        77,447,599        79,409,556        74,934,774  
    
 
 
    
 
 
    
 
 
    
 
 
 
Net loss per share of common stock - basic and diluted
   $ (0.07    $ (0.06    $ (0.03    $ (0.58
    
 
 
    
 
 
    
 
 
    
 
 
 
The following table sets forth the potentially dilutive securities outstanding at September 30, 2019 and 2018 that were excluded from the computation of diluted weighted average shares outstanding:
 
    
September 30,
 
    
2019
    
2018
 
Options to purchase common stock
     12,465,806        7,248,198  
Warrants to purchase common stock
     30,339,059        31,265,182  
    
 
 
    
 
 
 
Total
     42,804,865        38,513,380