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NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER
3 Months Ended
Mar. 31, 2017
Noncontrolling Interest [Abstract]  
NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER
Note 5:
NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER
 
Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.
 
Loss per-share amounts for all prior periods have been retroactively adjusted to reflect the Company’s 1-for-12 reverse stock split, which was effective September 16, 2016.
 
The following table sets forth the computation of net loss per share:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2017
 
2016
 
Numerator:
 
 
 
 
 
Net loss
 
$
(2,419,885)
 
$
(4,749,739)
 
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
8,429,595
 
 
5,882,770
 
 
 
 
 
 
 
 
 
Net loss per share data:
 
 
 
 
 
 
 
Basic and Diluted
 
$
(0.29)
 
$
(0.81)
 
  
The following securities, rounded to the thousand, were not included in the diluted net loss per share calculation because their effect was anti-dilutive for the periods presented:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2017
 
2016
 
Common stock options
 
 
417,000
 
 
299,000
 
Common stock warrants - equity treatment
 
 
5,054,000
 
 
213,000
 
Common stock warrants - liability treatment
 
 
5,000
 
 
4,127,000
 
Potentially dilutive securities
 
 
5,476,000
 
 
4,639,000