Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share of Common Stock

v3.20.1
Net Loss Per Share of Common Stock
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock
7. Net Loss Per Share of Common Stock
Diluted loss per share is the same as basic loss per share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic loss per share is computed by dividing net loss available to common stockholders by the weighted-average number of common shares outstanding.
The following table sets forth the computation of basic and diluted loss per share for common stockholders: 
 
    
Year Ended December 31,
 
    
2019
    
2018
    
2017
 
Net loss applicable to common stockholders
   $ (12,794,493    $ (37,684,424    $ (15,517,658
Weighted average shares of common stock outstanding
     8,283,509        7,606,266        5,559,573  
  
 
 
    
 
 
    
 
 
 
Net loss per share of common stock—basic and diluted
   $ (1.54    $ (4.95    $ (2.79
  
 
 
    
 
 
    
 
 
 
The following potentially dilutive securities outstanding at December 31, 2019, 2018 and 2017 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been antidilutive given the Company’s net loss:
 
    
December 31,
 
    
2019
    
2018
    
2017
 
Options to purchase common stock
     1,216,338        718,788        620,015  
Warrants to purchase common stock
     3,033,910        3,124,303        3,627,010  
  
 
 
    
 
 
    
 
 
 
     4,250,248        3,843,091        4,247,025