LOSS PER COMMON SHARE

Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Although restricted stock is issued upon the grant of an award, the Company excludes restricted stock from the computations of weighted-average number of shares of common stock outstanding until such time as the stock vests. Diluted loss per share is computed by dividing the net income or loss by the sum of the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.



	Three Months Ended
	March 31, 2020			March 31, 2019
Net loss	$	(6,163,461	)	$	(1,830,580	)
Weighted average shares outstanding - basic and diluted	34,681,198			12,575,458
Basic and diluted loss per common share	$	(0.18	)	$	(0.15	)

The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:



	Three Months Ended
	March 31, 2020	March 31, 2019
Stock options	1,358,501	1,032,095
Restricted stock units	812,687	142,385
Restricted stock	386,209	106,891
Warrants	13,709	17,500
Total excluded shares	2,571,106	1,298,871