Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.8.0.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 8: NET LOSS PER SHARE

 

The Company accounts for and discloses net income (loss) per common share in accordance with ASC Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding. In addition, in computing the dilutive effect of convertible securities, the numerator is adjusted to add back any convertible preferred dividends. Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of potential future exercises of outstanding stock options and common stock warrants. Because the inclusion of potential common shares would be anti-dilutive for all periods presented they have been excluded from the calculation.

 

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

             
    Three Months Ended
March 31,
 
    2018     2017  
Net loss per share            
Numerator            
Net loss attributable to common shareholders   $ (1,874,382 )   $ (1,703,554 )
Denominator                
Weighted average common shares outstanding     2,651,952       315,576  
Basic and diluted net loss per share   $ (0.71 )   $ (5.40 )

 

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three months ended March 31, 2018 and 2017 because the effect of them would be anti-dilutive: 

 

    Three Months Ended  
March 31,
 
    2018     2017  
Options to purchase common stock     173,677       30,140  
Warrants to purchase common stock     914,820       33,519  
Total     1,088,497       63,659  

  

For the three months ended March 31, 2018 and 2017, the average price of our common stock was less than the exercise price of the vested stock options and exercisable warrants.