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NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2020
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 15 NET LOSS PER SHARE

Basic net income (loss) per share is computed by dividing the net income or (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net income per share is computed similarly except that the weighted average number of common shares is increased to reflect all dilutive instruments. Diluted net income per share is calculated using the treasury stock method. In applying the treasury stock method, employee stock options with an exercise price greater than the average quoted market price of the common shares for the period outstanding are not included in the calculation of diluted net income per share as the impact is anti-dilutive.  Potentially dilutive instruments are not considered in calculating the diluted loss per share, as their effect would be anti-dilutive.

Below is a reconciliation of the basic and diluted weighted average number of common shares and the computations for basic and diluted net (loss) per share for the years ended December 31, 2020, 2019 and 2018:

Year ended December 31,

    

    

2020

    

2019

    

2018

(amounts in thousands, unless otherwise noted)

Net loss

$

(152,325)

$

(59,747)

$

(44,870)

 

Weighted average common shares outstanding:

403,457

361,845

337,297

Diluted shares outstanding:

403,457

361,845

337,297

Net loss per share - basic and diluted

$

(0.38)

$

(0.17)

$

(0.13)

For the years ended December 31, 2020, 2019 and 2018, all outstanding options to purchase shares of common stock and share purchase warrants were excluded from the respective computations of diluted loss per share, as the Company was in a loss position, and all potentially dilutive instruments were anti-dilutive and therefore not included in the calculation of diluted net loss per share.