Net Loss Per Common Share

3 Months Ended

Mar. 31, 2018

4.	*Net Loss per Common Share*

The Company calculates net loss per common share in accordance with ASC 260 “Earnings Per Share” (“ASC 260”). Basic and diluted net loss per common share was determined by dividing net loss applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period.

The following potentially dilutive securities have not been included in the computation of diluted net loss per share for the three months ended March 31, 2017 and 2018, as the result would be anti-dilutive:

	March 31, 2017		March 31, 2018
Stock options		387,519		708,400
Convertible preferred stock		1,698		1,698
Series A preferred stock		-		132,000
Common stock warrants		-		7,490,500
Total shares excluded from calculation		389,217		8,332,598