Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share - (Tables)

v3.20.1
Net Loss Per Share - (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
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 and preferred stock for the three months ended March 31, 2020 and 2019, which includes both classes of participating securities: 

 
 
Three Months Ended
 
 
March 31, 2020
 
 
Common stock
 
Preferred stock
 
 
Continuing Operations
 
Discontinued Operations
 
Continuing Operations
 
Discontinued Operations
Numerator:
 
 
 
 
 
 
 
 
Allocation of undistributed net (loss) income
 
$
(19,204,480
)
 
$
899,476

 
$
(2,950,284
)
 
$
138,182

Denominator:
 
 
 
 
 
 
 
 
Weighted average shares
 
53,934,760

 
53,934,760

 
1,657,143

 
1,657,143

Basic and diluted net (loss) income per share
 
$
(0.36
)
 
$
0.02

 
$
(1.78
)
 
$
0.08


 
 
Three Months Ended
 
 
March 31, 2019
 
 
Common stock
 
Preferred stock
 
 
Continuing Operations
 
Discontinued Operations
 
Continuing Operations
 
Discontinued Operations
Numerator:
 
 
 
 
 
 
 
 
Allocation of undistributed net loss
 
$
(3,835,249
)
 
$
(1,702,538
)
 
$
(1,327,125
)
 
$
(589,136
)
Denominator:
 
 
 
 
 
 
 
 
Weighted average shares
 
41,284,168

 
41,284,168

 
2,857,143

 
2,857,143

Basic and diluted net loss per share
 
$
(0.09
)
 
$
(0.04
)
 
$
(0.46
)
 
$
(0.21
)

Schedule of anti-dilutive securities excluded from computation of diluted weighted shares outstanding
The following outstanding securities have been excluded from the computation of diluted weighted shares outstanding for the three months ended March 31, 2020 and 2019, as they could have been anti-dilutive: 
 
 
Three Months Ended
 
 
March 31,
 
 
2020
 
2019
Stock options
 
7,712,680
 
4,345,305
Warrants on common stock
 
4,024,708
 
4,024,708
Restricted Stock Units
 
267,500
 
345,000
Underwriters' unit purchase option
 
40,000
 
40,000