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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Calculation of Weighted Average Number of Shares Outstanding and Loss Per Share Outstanding

The calculation of the weighted average number of shares outstanding and loss per share outstanding for the years ended December 31, 2019 and 2018 are as follows:

 

    Year ended December 31,  
    2019     2018  
Numerator for basic and diluted income per share – Net loss   $ (10,005,713 )   $ (15,544,551 )
                 
Denominator for basic loss per share – weighted average shares outstanding     11,478,618       8,073,257  
Dilutive effect of shares issuable upon conversion of convertible debt and the exercise of stock options and warrants outstanding            
                 
Denominator for diluted loss per share – adjusted weighted average shares outstanding     11,478,618       8,073,257  
                 
Net loss per share:                
Basic   $ (0.87 )   $ (1.93 )
Diluted   $ (0.87 )   $ (1.93 )