| Net Income (Loss) Per Share of Common Stock |
7. Net Income (Loss) Per Share of Common Stock
The following tables are a reconciliation of the numerators and denominators used in the calculation of basic and diluted net income (loss) per share computations:
|
|
For the Year Ended December 31, 2019 |
|
|
|
Income
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per-Share
Amount
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
1,051,825 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic EPS |
|
|
|
|
|
|
|
|
|
|
|
|
Income available to common stockholders |
|
|
1,051,825 |
|
|
|
135,154,931 |
|
|
$ |
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Effect of Dilutive Securities |
|
|
|
|
|
|
|
|
|
|
|
|
Unvested restricted stock |
|
|
|
|
|
|
858,856 |
|
|
|
|
|
Options |
|
|
|
|
|
|
392,784 |
|
|
|
|
|
Warrants |
|
|
|
|
|
|
447,431 |
|
|
|
|
|
Warrants – liability classified |
|
|
(9,250,612 |
) |
|
|
32,706,263 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted EPS |
|
|
|
|
|
|
|
|
|
|
|
|
Loss available to common stockholders + assumed conversions |
|
$ |
(8,198,787 |
) |
|
|
169,560,265 |
|
|
$ |
(0.05 |
) |
|
|
For the Year Ended December 31, 2018 |
|
|
|
Income
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per-Share
Amount
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(19,194,236 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and Diluted EPS |
|
|
|
|
|
|
|
|
|
|
|
|
Loss available to common stockholders |
|
$ |
(19,194,236 |
) |
|
|
121,154,334 |
|
|
$ |
(0.16 |
) |
The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share of common stock for the periods presented because including them would have been anti-dilutive:
|
|
Year Ended
December 31,
|
|
|
|
2019 |
|
|
2018 |
|
Stock options |
|
|
4,119,931 |
|
|
|
3,600,073 |
|
Unvested restricted stock |
|
|
234,645 |
|
|
|
1,543,501 |
|
Common shares underlying convertible debt |
|
|
5,036,250 |
|
|
|
5,000,000 |
|
Warrants |
|
|
20,712,000 |
|
|
|
53,130,750 |
|
|