XML 42 R28.htm IDEA: XBRL DOCUMENT v3.20.2
Net Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Loss Per Share

The following is a reconciliation of the numerator and the denominator used in the calculation of basic and diluted net loss per share (in thousands):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss), basic

$

4,401

 

 

$

(36,726

)

 

$

(59,773

)

 

$

(119,111

)

Removal of change in fair value of warrant liability

 

(21,245

)

 

 

-

 

 

 

(4,200

)

 

 

-

 

Net loss, diluted

$

(16,844

)

 

$

(36,726

)

 

$

(63,973

)

 

$

(119,111

)

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used to compute basic net loss per share

 

109,816

 

 

 

75,106

 

 

 

97,589

 

 

 

68,032

 

Effect of dilutive warrants

 

2,157

 

 

 

-

 

 

 

988

 

 

 

-

 

Weighted average shares used to compute diluted net loss per share

 

111,973

 

 

 

75,106

 

 

 

98,577

 

 

 

68,032

 

Outstanding Stock Options and Stock Awards Excluded from Calculation of Net Loss Per Share

 

The following were excluded from the calculation of diluted net loss per share as the effect of their inclusion would have been anti-dilutive.

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Outstanding securities not included in diluted net loss per share

   calculation (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and stock awards

 

10,984

 

 

 

10,065

 

 

 

10,984

 

 

 

10,065

 

Series B Convertible Preferred Stock (as converted to common

   stock)

 

4,140

 

 

 

4,840

 

 

 

4,140

 

 

 

4,840

 

Warrants (as exercisable into common stock)

 

-

 

 

 

5,841

 

 

 

-

 

 

 

5,841

 

 

 

15,124

 

 

 

20,746

 

 

 

15,124

 

 

 

20,746