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Earnings (Loss) per Share
6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) per Share

(2) Earnings (Loss) per Share

 

Basic earnings (loss) per share is calculated by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is based on the weighted average number of common shares outstanding plus, where applicable, the additional potential common shares that would have been outstanding related to dilutive options, warrants and, unvested restricted stock units to the extent such shares are dilutive.

 

 

The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the three and six months ended June 30, 2021 and 2020:

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2021   2020   2021   2020 
Basic loss per share attributable to common stock:                    
Numerator                    
Net loss  $(6,809,041)  $(6,369,634)  $(10,177,123)  $(12,140,285)
                     
Denominator                    
Weighted avg. common shares outstanding   88,290,650    49,769,253    85,556,110    45,558,442 
                     
Basic loss per share attributable to common stock  $(0.08)  $(0.13)  $(0.12)  $(0.27)
                     
Diluted loss per share attributable to common stock:                    
Numerator                    
Net loss  $(6,809,041)  $(6,369,634)  $(10,177,123)  $(12,140,285)
Denominator                    
Weighted avg. common shares outstanding   88,290,650    49,769,253    85,556,110    45,558,442 
                     
Diluted loss per share attributable to common stock  $(0.08)  $(0.13)  $(0.12)  $(0.27)

 

The computation of diluted loss per share for the six months ended June 30, 2021 and 2020 does not include the following stock options and warrants to purchase shares or unvested restricted stock units in the computation of diluted loss per share because these instruments were antidilutive:

 

   June 30, 
   2021   2020 
Stock options   3,915,790    3,012,041 
Unvested restricted stock units   -    605,682 
Warrants   1,934,366    3,423,210