Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE (Tables)

v3.10.0.1
NET LOSS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of earning per share

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

                         
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2018     2017     2018     2017  
Net Loss Per share                        
Numerator                        
Net loss   $ (4,142,577   $ (2,241,489   $ (6,016,959)     $ (3,945,043
Deemed dividend attributable to preferred stock     (4,782,100     (2,568,132     (4,782,100)       (2,568,132 )
Net loss attributable to common shareholders   $ (8,924,677   $ (4,809,621   $ (10,799,059)     $ (6,513,175
Denominator                                
Weighted average common shares outstanding     3,073,803       623,004       2,864,033       470,139  
Basic and diluted net loss per share   $ (2.90   $ (7.72   $ (3.77   $ (13.85
Schedule of antidilutive securities

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three and six months ended June 30, 2018 and 2017 because including them would be anti-dilutive: 

  

    Three Months Ended  
June 30,
    Six Months Ended
June 30,
 
    2018     2017     2018     2017  
Options to purchase common stock     200,954       93,464       187,391       62,841  
Series A convertible preferred stock             182,030               91,518  
Series B convertible preferred stock     900,367               452,671          
Warrants to purchase common stock     2,275,808       511,650       1,599,074       273,905  
Total     3,377,129       787,144       2,239,136       428,264