Numerator:

December 31, 2018

December 31, 2017

December 31, 2016

Net loss attributable to common shareholders

$

(60,426)

$

(77,328)

$

(68,157)

Undistributed loss attributable to Series C participating preferred shares

12,110

—

Net loss available to common shareholders, basic and diluted

(48,316)

(77,328)

(68,157)

Net Loss available to:

Class A, basic and diluted

(48,316)

(77,328)

(68,157)

Class B, basic and diluted

—

Denominator:

Class A Common shares

Basic weighted average number of common shares outstanding

$

6,514,390

$

5,946,986

$

5,944,294

Weighted average number of RSUs without service conditions

—

50,000

37,500

Common share and common share equivalents, basic and diluted

6,514,390

5,996,986

5,981,794

Class B Common shares

Basic weighted average number of common shares outstanding

925,745

Common shares, basic and diluted

$

925,745

$

925,745

$

925,745

Basic and diluted common loss per share:

Class A

(7.42)

(12.89)

(11.39)

Class B

—

Series C Preferred Shares-basic and diluted loss per share:

Undistributed loss attributable to Series C participating preferred shares

(12,110)

—

Basic and diluted weighted average number of Series C Preferred shares outstanding, as converted

$

1,632,709

$

—

$

—

Basic and diluted loss per share

(7.42)

—