Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share (Tables)

v3.20.4
Net Loss Per Share (Tables)
12 Months Ended
Dec. 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 for continuing and discontinued operations for the years ended December 31, 2020 and 2019, which includes both classes of participating securities: 

Year Ended
  December 31, 2020
Common stock Preferred Stock
Continuing Operations Discontinued Operations Continuing Operations Discontinued Operations
Numerator:
Allocation of undistributed net (loss) income $ (58,439,575) $ 802,188  $ (5,943,976) $ 81,591 
Denominator:
Weighted average shares 66,688,464  66,688,464  1,356,597  1,356,597 
Basic and diluted net (loss) income per share $ (0.87) $ 0.01  $ (4.38) $ 0.06 

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) income per share $ (0.28) $ 0.00  $ (1.42) $ 0.01 
Schedule of Anti-dilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding
The following outstanding securities at December 31, 2020 and 2019 have been excluded from the computation of diluted weighted shares outstanding, as they could have been anti-dilutive: 
  December 31,
  2020 2019
Stock options 9,830,674  4,480,606 
Warrants on common stock 4,002,380  4,024,708 
Restricted Stock Units 155,833  267,500 
Underwriters' unit purchase option —  40,000