| Schedule of Computation of Basic and Diluted income (Loss) Per Share for Common Stockholders |
The following table sets forth the computation of basic and diluted net (loss) per share for common stockholders:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
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Net income (loss) – basic |
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$ |
3,444,431 |
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$ |
(5,359,118 |
) |
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$ |
(21,751,291 |
) |
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$ |
(2,439,009 |
) |
Less: decrease in fair value of 2020 Warrants, net of tax |
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(8,826,913 |
) |
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— |
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— |
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— |
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$ |
(5,382,482 |
) |
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$ |
(5,359,118 |
) |
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$ |
(21,751,291 |
) |
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$ |
(2,439,009 |
) |
Shares used in computing basic net income (loss) income per share |
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27,809,169 |
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|
7,940,931 |
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21,069,057 |
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|
7,940,931 |
|
Plus: dilutive effect of 2020 Warrants |
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1,269,938 |
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— |
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— |
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— |
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Shares used in computing diluted net loss per share |
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29,079,107 |
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7,940,931 |
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21,069,057 |
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7,940,931 |
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Basic net income (loss) per share |
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$ |
0.12 |
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$ |
(0.67 |
) |
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$ |
(1.03 |
) |
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$ |
(0.31 |
) |
Diluted net loss per share |
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$ |
(0.19 |
) |
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$ |
(0.67 |
) |
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$ |
(1.03 |
) |
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$ |
(0.31 |
) |
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| Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted Average Shares Outstanding |
The following table sets forth the potentially dilutive securities outstanding for the three and nine months ended September 30, 2020 and 2019 that were excluded from the computation of diluted weighted average shares outstanding:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2020 |
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2019 |
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2020 |
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2019 |
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Options to purchase common stock |
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1,864,631 |
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1,246,580 |
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1,864,631 |
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1,246,580 |
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Warrants to purchase common stock |
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3,006,499 |
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3,033,905 |
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12,354,580 |
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|
3,033,905 |
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4,871,130 |
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4,280,485 |
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14,219,211 |
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4,280,485 |
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