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Loss Per Share Applicable to Common Stockholder
 3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Loss Per Share Applicable to Common Stockholder

NOTE 7 – LOSS PER SHARE APPLICABLE TO COMMON STOCKHOLDER

 

Basic net loss per common share (“Basic EPS”) is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. All outstanding stock options and warrants for the three months ended March 31, 2021 and 2020 have been excluded from the calculation of the diluted net loss per share because all such securities are anti-dilutive for all periods presented.

 

The following table summarizes the Company’s securities, in common stock equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

    March 31, 2021     March 31, 2020  
Series D Preferred Stock     153,000       303,782  
Series E Preferred Stock     875,000       1,715,000  
Stock Options - employee and non-employee     1,928,544       1,556,332  
Warrants     5,447,594       266,667  
Total     8,404,138       3,841,781  

 

The diluted loss per share equals basic loss per share in the three months ended March 31, 2021 and 2020 because the Company had a net loss and the impact of the assumed exercise of stock options and the vesting of restricted stock would have been anti-dilutive.