| Schedule of the computation of basic and diluted net loss per share of Common Stock |
The following table sets forth the computation of basic and diluted net loss per share of common stock for continuing and discontinued operations for the years ended December 31, 2019 and 2018, which includes both classes of participating securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
December 31, 2019 |
|
|
Common stock |
|
Preferred Stock |
|
|
Continuing Operations |
|
Discontinued Operations |
|
Continuing Operations |
|
Discontinued Operations |
Numerator: |
|
|
|
|
|
|
|
|
Allocation of undistributed net (loss) income |
|
$ |
(12,204,552 |
) |
|
$ |
148,673 |
|
|
$ |
(4,066,201 |
) |
|
$ |
49,533 |
|
Denominator: |
|
|
|
|
|
|
|
|
Weighted average shares |
|
42,878,040 |
|
|
42,878,040 |
|
|
2,857,143 |
|
|
2,857,143 |
|
Basic and diluted net loss per share |
|
$ |
(0.28 |
) |
|
$ |
0.00 |
|
|
$ |
(1.42 |
) |
|
$ |
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
December 31, 2018 |
|
|
Common stock |
|
|
Continuing Operations |
|
Discontinued Operations |
|
Total |
Numerator: |
|
|
|
|
|
|
Net loss |
|
$ |
(35,274,099 |
) |
|
$ |
(4,778,711 |
) |
|
$ |
(40,052,810 |
) |
Deemed distribution to stockholder |
|
1,657,383 |
|
|
— |
|
|
1,657,383 |
|
Allocation of undistributed net loss to common stockholders |
|
$ |
(36,931,482 |
) |
|
$ |
(4,778,711 |
) |
|
$ |
(41,710,193 |
) |
Denominator: |
|
|
|
|
|
|
Weighted average shares |
|
34,773,613 |
|
|
34,773,613 |
|
|
34,773,613 |
|
Basic and diluted net loss per share |
|
$ |
(1.06 |
) |
|
$ |
(0.14 |
) |
|
$ |
(1.20 |
) |
|
| Schedule of anti-dilutive securities excluded from computation of diluted weighted shares outstanding |
The following outstanding securities at December 31, 2019 and 2018 have been excluded from the computation of diluted weighted shares outstanding, as they could have been anti-dilutive:
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
2019 |
|
2018 |
Stock options |
|
4,480,606 |
|
|
4,246,597 |
|
Warrants on common stock |
|
4,024,708 |
|
|
4,024,708 |
|
Restricted Stock Units |
|
267,500 |
|
|
445,000 |
|
Underwriters' unit purchase option |
|
40,000 |
|
|
40,000 |
|
|