Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share of Common Stock (Tables)

v3.21.1
Net Loss Per Share of Common Stock (Tables)
 12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Schedule of Net Loss Per Share Basic and Diluted

The computation of net loss per share for the year ended December 31, 2020 and 2019 was as follows:

 

    2020     2019  
Basic and diluted net loss per share:                
Net loss   $ (14,413,788 )   $ (3,357,876 )
Value of the full ratchet anti-dilution shares     (4,625,948 )     (506,993 )
Net loss available to common shareholders   $ (19,039,736 )   $ (3,864,869 )
                 
Weighted-average number of common shares-basic and diluted     7,499,678       5,525,754  
                 
Basic and diluted net loss per share   $ (2.54 )   $ (0.70 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The outstanding shares of unvested restricted stock awards, stock options and warrants to purchase common stock and the shares issuable under the 2019 Senior Notes were excluded from the computation of diluted net loss per share as their effect would have been anti-dilutive for the periods presented below:

 

    2020     2019  
Unvested restricted stock awards, stock options and purchase warrants     816,513       719,508  
Shares of common stock that would be issued on the conversion of our 2019 Senior Notes, plus related accrued interest     -       60,883  
      816,513       780,391