Quarterly report pursuant to Section 13 or 15(d)

NET INCOME (LOSS) PER SHARE (Tables)

v3.8.0.1
NET INCOME (LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of earning per share

The following table summarizes the Company’s calculation of net income (loss) per common share: 

 

    Three Months Ended
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Net income (loss) Per share                         
Numerator                        
Net income (loss)    $ (2,184,510 )   $ 204,689     $

(6,129,553

 

)   $ (3,845,235 )
Deemed dividend attributable to preferred stock                     (2,568,132 )        
Net income (loss) attributable to common shareholders    $

(2,184,510

 

)   $ 204,689     $

(8,697,685

 

)   $ (3,845,235 )
Denominator                                
Weighted average common shares outstanding     12,411,145       3,024,393       7,886,210       2,665,904  
Basic and diluted net income (loss) per share   $ (0.18 )   $ 0.07     $ (1.10 )   $ (1.44 )
Schedule of antidilutive securities

The following table sets forth the number of potential common shares excluded from the calculation of net income (loss) per diluted share for the three months and nine months ended September 30, 2017 and 2016 because the effect of them would be anti-dilutive:

 

    Three Months Ended  
September 30,
    Nine Months Ended
September 30,
 
    2017     2016     2017     2016  
Options to purchase common stock     2,118,021       390,424       1,206,057       390,424  
Series A convertible preferred stock     509,762               895,809          
Warrants to purchase common stock     1,660,379       402,228       2,726,751       402,228  
Total     4,288,162       792,652       4,828,617       792,652