Net Loss per Share

12 Months Ended

Dec. 31, 2019

13. Net Loss per Share

We compute basic net income (loss) per share using the weighted average number of shares of common stock outstanding plus the number of common stock equivalents for DSUs during the period. We compute diluted net loss per share using the weighted average number of shares of common stock outstanding during the period, adjusted for the dilutive effect of common stock equivalents. Dilutive potential common shares consist of the incremental common shares issuable upon the exercise of outstanding stock options. Dilutive potential securities are excluded from the computation of earnings per share if their effect is antidilutive. The dilutive effect of outstanding stock options and warrants is reflected in diluted earnings per share by application of the treasury stock method. Deferred stock units (see Note 12) are included in both basic and diluted earnings per share computations.

The computation of basic and diluted net loss per share attributable to common stockholders is as follows:

	Years Ended December 31,
	2019			2018
	(Unaudited)
Numerator:
Net loss applicable to common stockholders	$	(55,240	)	$	(2,438,981	)
Denominator:
Weighted average common shares outstanding, basic		15,347,039			15,311,220
Effect of dilutive common shares		—			—
Weighted average common shares outstanding, diluted		15,347,039			15,311,220
Net loss per share:
Basic	$	(0.00	)	$	(0.16	)
Diluted	$	(0.00	)	$	(0.16	)
Anti-dilutive securities excluded from diluted net loss per share:
Stock options		2,445,453			1,773,066
Warrants		521,060			1,733,565
Total anti-dilutive securities excluded from net loss per share		2,966,513			3,506,631