Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income Per Share of Common Stock

v3.20.1
Net (Loss) Income Per Share of Common Stock
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Net (Loss) Income Per Share of Common Stock
6. Net (Loss) Income Per Share of Common Stock
Diluted net (loss) income per share is the same as basic net (loss) income per share for all periods presented because the effects of potentially dilutive items were anti-dilutive. Basic net (loss) income per share is computed by dividing net (loss) income by the weighted-average number of shares of common stock outstanding.
The following table sets forth the computation of basic and diluted net (loss) income per share for common stockholders:
 
    
Three Months Ended March 31,
 
    
2020
    
2019
 
Net (loss) income
   $ (7,578,486    $ 11,587,015  
Weighted average shares of common stock outstanding
     15,332,042        7,940,931  
  
 
 
    
 
 
 
Net (loss) income per share of common stock—basic and diluted
   $ (0.49    $ 1.46  
  
 
 
    
 
 
 
The following potentially dilutive securities outstanding at March 31, 2020 and 2019 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive:
 
    
March 31,
 
    
2020
    
2019
 
Options to purchase common stock
     1,818,588        908,474  
Warrants to purchase common stock
     3,033,196        3,098,711  
  
 
 
    
 
 
 
Total
     4,851,784        4,007,185