Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

12 Months Ended

Dec. 31, 2020

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,
	2020			2019			2018
Net loss applicable to common stockholders	$	(28,155,673	)	$	(12,794,493	)	$	(37,684,424	)
Weighted average shares of common stock outstanding		22,763,528			8,283,509			7,606,266

Net loss per share of common stock—basic and diluted	$	(1.24	)	$	(1.54	)	$	(4.95	)

The following potentially dilutive securities outstanding at December 31, 2020, 2019 and 2018 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,
	2020		2019		2018
Options to purchase common stock		1,853,841		1,216,338		718,788
Warrants to purchase common stock		12,350,293		3,033,910		3,124,303

		14,204,134		4,250,248		3,843,091