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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Calculation of net loss and number of shares used to compute basic and diluted earnings per share

The calculation of net loss and the number of shares used to compute basic and diluted earnings per share for the years ended December 31, 2018 and 2017:

 

 

 

December 31,

 

(in thousands, except share data)

 

2018

 

 

2017

 

Net loss - basic

 

$

(19,222

)

 

$

(45,117

)

Preferred stock dividends

 

 

 

 

 

(527

)

Net loss - diluted

 

$

(19,222

)

 

$

(45,644

)

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding - basic

 

 

26,705,375

 

 

 

14,039

 

Weighted average shares outstanding - diluted

 

 

26,705,375

 

 

 

14,039

 

 

 

 

 

 

 

 

 

 

Net loss per share - basic

 

$

(0.72

)

 

$

(3,250

)

Net loss per share - diluted

 

$

(0.72

)

 

$

(3,250

)

Summary of Reconciliation of Weighted Average Shares Outstanding Calculation The following table provides a reconciliation of the weighted average shares outstanding calculation at December 31, 2018:

 

 

 

December 31,

 

 

 

2018

 

Weighted average shares issued

 

 

2,738,944

 

Weighted average pre-funded warrants

 

 

23,966,431

 

Weighted average shares outstanding

 

 

26,705,375

 

 

Shares Excluded from the Computation of Diluted Earnings per Share

Shares excluded from the computation of diluted earnings per share:

 

 

 

2018

 

 

2017

 

 

Common stock warrants - equity

 

 

4,202,909

 

 

 

14,049

 

 

Common stock warrants - liability

 

 

189,029

 

 

 

 

 

Assumed conversion of convertible notes

 

 

2,576,203

 

 

 

 

 

Total

 

 

6,968,141

 

 

 

14,049