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Basic and Diluted Loss Per Common Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Basic and Diluted Loss Per Common Share

Note 9. Basic and Diluted Loss Per Common Share

 

Basic loss per share excludes any dilution. It is based upon the weighted average number of common shares outstanding during the period. Dilutive loss per share reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company’s dilutive loss per share equals basic loss per share for the periods ended September 30, 2020 and 2019, because all potentially dilutive securities (i.e., options and warrants) were antidilutive in those periods. The number of options and warrants that were not included (because their effect is antidilutive) was 2,498,251 and 3,381,061 for the three and nine months ended September 30, 2020 and 2019, respectively.