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NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2019

NOTE 13 NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Potentially dilutive instruments are not included in the calculation of diluted net loss per share for the three and nine months ended September 30, 2019 and 2018, as they would be anti-dilutive. For the nine months ended September 30, 2019, 5,672,944 outstanding options and 8,064,516 outstanding warrants were excluded from the computation of diluted loss per share (September 30, 2018 – 4,402,830 outstanding options).

Below is a reconciliation of the basic and diluted weighted average number of common shares outstanding and the computations for basic and diluted net loss per share for the three and nine months ended September 30, 2019 and 2018:


	Three months ended September 30,				Nine months ended September 30,
	2019		2018		2019		2018
	(amounts in thousands, unless otherwise noted)
Net loss	$	(11,465)	$	(13,290)	$	(34,615)	$	(23,881)

Weighted average common shares outstanding:		362,175		337,278		356,218		337,083
Diluted shares outstanding:		362,175		337,278		356,218		337,083

Net loss per share - basic and diluted	$	(0.03)	$	(0.04)	$	(0.10)	$	(0.07)