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Net Loss Per Share of Common Stock

3 Months Ended

Mar. 31, 2020

NOTE 4 — NET LOSS PER SHARE OF COMMON STOCK

Diluted loss per share is the same as basic loss per share for all periods presented as the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding. The following table sets forth the computation of basic and diluted loss per share for common stockholders:

	Three Months Ended March 31,
	2020			2019
Net loss	$	(12,151,165	)	$	(15,827,200	)
Weighted average shares of common stock outstanding		39,177,592			38,968,110
Net loss per share of common stock – basic and diluted	$	(0.31	)	$	(0.41	)

The following securities outstanding at March 31, 2020 and 2019 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share is antidilutive:

	Three Months Ended March 31,
	2020		2019
Common stock options		8,799,959		8,378,672
Restricted stock units		68,650		127,300
Common stock warrants		40,790		40,790