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Basic and Diluted Net Loss Per Common Share

12 Months Ended

Dec. 31, 2018

Basic and Diluted Net Loss Per Common Share

Note 10 — Basic and Diluted Net Loss per Common Share

Basic and diluted net loss per share is computed using the weighted average number of shares of common stock outstanding during the period. Common stock equivalents (using the treasury stock and “if converted” method) from stock options, unvested RSAs and RSUs, warrants and convertible preferred stock at December 31, 2018 and 2017 were 8,262,381 and 6,977,547, respectively, and are excluded from the calculation of diluted net loss per share because the effect is anti-dilutive. Included in the basic and diluted net loss per share calculation were RSUs awarded to directors that had vested, but the issuance and delivery of the shares are deferred until the director retires from service as a director.

The following table shows the computation of basic and diluted net loss per common share:

	Year ended December 31, 2018			Period from April 27, 2017 (inception) through December 31, 2017
Net loss	$	(12,740	)	$	(7,156	)
Series A Preferred – dividends (accrued and deemed)		(24,489	)		(1,483	)
Net loss attributable to common stockholders		(37,229	)	$	(8,639	)
Weighted average common shares outstanding (basic and diluted)		6,417,840			3,453,213
Net loss per common share (basic and diluted)	$	(5.80	)	$	(2.50	)