| Schedule of Reconciliation of Numerator and Denominator of the Basic and Diluted Net Income (Loss) per Share |
The following is a reconciliation of the numerator and denominator of the basic and diluted net income (loss) per share (“EPS”) computations:
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|
|
Three Months Ended September 30, |
|
|
Nine Months Ended September 30, |
|
|
|
|
2018 |
|
|
2017 |
|
|
2018 |
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|
2017 |
|
|
Numerator: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net and comprehensive income (loss) |
|
$ |
11,537,478 |
|
|
$ |
(4,649,567 |
) |
|
$ |
(1,878,046 |
) |
|
$ |
(15,165,577 |
) |
|
Adjustment of redeemable convertible preferred stock to redemption value |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(943,297 |
) |
|
Net income (loss) attributable to common stockholders |
|
$ |
11,537,478 |
|
|
$ |
(4,649,567 |
) |
|
$ |
(1,878,046 |
) |
|
$ |
(16,108,874 |
) |
|
Denominator: |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator for basic EPS - weighted-average common shares |
|
|
40,527,722 |
|
|
|
26,926,673 |
|
|
|
31,687,434 |
|
|
|
19,889,984 |
|
|
Dilutive effect of options to purchase common shares |
|
|
426,860 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Dilutive effect of unvested restricted stock |
|
|
7,038 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
Denominator for diluted EPS - adjusted weighted-average common shares |
|
|
40,961,620 |
|
|
|
26,926,673 |
|
|
|
31,687,434 |
|
|
|
19,889,984 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Basic and diluted EPS |
|
$ |
0.28 |
|
|
$ |
(0.17 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.81 |
) |
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|
|
|
|
|
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| Schedule of Weighted Average Common Stock Equivalents Excluded from Calculation of Basic and Diluted Net Loss per Share |
The following weighted average common stock equivalents were excluded from the calculation of basic and diluted net loss per share attributable to common stockholders for the nine-month periods presented:
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|
|
Nine Months Ended September 30, |
|
|
|
|
2018 |
|
|
2017 |
|
|
Options to purchase common stock |
|
|
3,348,632 |
|
|
|
898,962 |
|
|
Unvested restricted stock |
|
|
7,038 |
|
|
|
129,835 |
|
|
Warrants to purchase common stock |
|
|
317,562 |
|
|
|
317,562 |
|
|