XML 36 R11.htm IDEA: XBRL DOCUMENT v3.20.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2020
NET LOSS PER SHARE  
NET LOSS PER SHARE

NOTE 5: NET LOSS PER SHARE

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.

The following table sets forth the computation of net loss per share:

 

 

 

 

 

 

 

 

 

    

For the Three Months Ended

 

 

March 31, 

 

    

2020

    

2019

Numerator:

 

 

  

 

 

  

Net loss

 

$

(6,485,644)

 

$

(5,318,925)

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

Weighted average common shares outstanding

 

 

46,084,383

 

 

45,465,754

 

 

 

 

 

 

 

Net loss per share data:

 

 

  

 

 

  

Basic and diluted

 

$

(0.14)

 

$

(0.12)

 

The following securities, rounded to the nearest thousand, were not included in the diluted net loss per share calculation because their effect was anti-dilutive for the periods presented:

 

 

 

 

 

 

 

    

For the Three Months Ended

 

 

March 31, 

 

    

2020

    

2019

Common stock options

 

6,291,000

 

4,538,000

Common stock purchase warrants

 

21,381,000

 

22,979,000

Common stock warrants - liability treatment

 

 —

 

27,000

Potentially dilutive securities

 

27,672,000

 

27,544,000