Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

v3.19.2
Net Loss Per Share of Common Stock
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock

Note 7 – Net Loss per Share of Common Stock

 

Basic net loss per share is computed by dividing net loss by the weighted average common shares outstanding. Diluted net loss per share is computed by dividing net loss by the weighted average common shares outstanding, which includes potentially dilutive effect of stock options, warrants and senior convertible notes. Since we experienced a loss for both periods presented, including any dilutive common shares outstanding would have an anti-dilutive impact on diluted net loss per share, and as shown below were excluded from the computation. The treasury-stock method is used to determine the dilutive effect of our stock options and warrants grants, and the if-converted method is used to determine the dilutive effect of the Senior Notes.

 

The computation of net loss per share for the six months ended June 30, 2019 and 2018 was as follows:

 

    For the six months ended  
    June 30,  
    2019     2018  
Basic and diluted net loss per share:                
Net loss from continuing operations   $ (1,719,910 )   $ (2,302,870 )
Weighted average number of common shares-basic and diluted     38,674,265       35,951,894  
                 
Basic and diluted net loss per share   $ (0.04 )   $ (0.06 )

 

The following potentially dilutive securities were excluded from the computation of diluted net income per share as their effect would have been anti-dilutive for the periods presented.

 

   

June 30,

2019
   

December 31,

2018
 
Stock options and purchase warrants     4,906,417       3,997,187  
Senior convertible notes and related accrued interest     126,741       122,537