Loss Per Share

9 Months Ended

Sep. 30, 2021

Note 12: Loss Per Share

Basic loss per share is calculated by dividing the net loss attributable to the shareholders of the Company by the weighted average number of ordinary shares outstanding during the period. As the Company was in a loss position for each of the three and nine month periods ended September 30, 2021 and 2020, the diluted loss per share is equal to basic loss per share because the effects of potentially dilutive shares were anti-dilutive as a result of the Company’s net loss.

The ordinary share equivalents at September 30, 2021 and 2020 excluded from the calculation of diluted net loss per share for the three months and nine months ended September 30, 2021 and 2020 (in number of potential shares) are set forth here below:


	Three Months Ended September 30,				Nine Months Ended September 30,

	2021		2020		2021		2020

Non-employee warrants		256,693		225,008		256,693		225,008
Employee warrants		—		82,500		—		82,500
Stock options		2,585,710		1,596,512		2,585,710		1,596,512
Restricted stock units		1,104,145		713,345		1,104,145		713,345