Annual report pursuant to Section 13 and 15(d)

Net Loss per Share of Common Stock (Tables)

v3.22.1
Net Loss per Share of Common Stock (Tables)
12 Months Ended
Dec. 31, 2021
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, 2021 and 2020 was as follows:

 

    2021     2020  
Basic and diluted net loss per share:                
Net loss   $ (11,427,534 )   $ (14,413,788 )
Value of the full ratchet anti-dilution shares     -       (4,625,948 )
Net loss available to common shareholders   $ (11,427,534 )   $ (19,039,736 )
                 
Weighted-average number of common shares-basic and diluted     15,319,463       7,499,678  
                 
Basic and diluted net loss per share   $ (0.75 )   $ (2.54 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The outstanding stock options, unvested RSAs, unvested RSUs and warrants to purchase common stock were excluded from the computation of diluted net loss per share as their effect would have been anti-dilutive for the periods presented below:

 

    2021     2020  
Stock options, unvested RSAs, unvested RSUs and purchase warrants     822,430       816,512