General form of registration statement for all companies including face-amount certificate companies

Net Loss Per Share of Common Stock

v3.19.1
Net Loss Per Share of Common Stock
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock

7. Net Loss Per Share of Common Stock

 

The following table is a reconciliation of the numerators and denominators used in the calculation of basic and diluted net loss per share computations for the years ended December 31, 2018 and 2017:

 

 

 

Year Ended

December 31,

 

 

 

2018

 

 

2017

 

Net loss

 

$ (19,194,236 )

 

$ (4,138,298 )

Weighted average common shares outstanding – basic and diluted

 

 

121,154,334

 

 

 

27,906,090

 

Net loss per share – basic and diluted

 

$ (0.16 )

 

$ (0.11 )

 

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 antidilutive:

 

 

 

Year Ended

December 31,

 

 

 

2018

 

 

2017

 

Stock options

 

 

3,600,073

 

 

 

1,130,000

 

Unvested restricted stock

 

 

1,543,501

 

 

 

1,050,000

 

Common shares underlying convertible debt

 

 

5,000,000

 

 

 

4,000,000

 

Common shares underlying convertible preferred stock

 

 

-

 

 

 

50,335,500

 

Warrants

 

 

53,130,750

 

 

 

11,649,500