| Net Loss Per Share of Common Stock, Basic and Diluted |
3. Net Loss Per Share of Common Stock, Basic and Diluted
The following table sets forth the computation of basic and diluted net loss per share of common stock for the three and six months ended June 30, 2018 and 2017, which includes both classes of participating securities:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
Net loss per share, basic and diluted calculation |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Basic and diluted loss per share: |
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Net loss |
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$ |
(6,007,476 |
) |
|
$ |
(1,798,515 |
) |
|
$ |
(9,890,319 |
) |
|
$ |
(3,759,152 |
) |
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Weighted average shares, basic and diluted |
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Common stock |
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32,245,281 |
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13,265,877 |
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31,783,875 |
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|
11,697,535 |
|
Participating warrants |
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— |
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— |
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— |
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— |
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|
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32,245,281 |
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13,265,877 |
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31,783,875 |
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|
11,697,535 |
|
Basic and diluted loss per share: |
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Common stock |
|
$ |
(0.19 |
) |
|
$ |
(0.14 |
) |
|
$ |
(0.31 |
) |
|
$ |
(0.32 |
) |
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The following outstanding securities at June 30, 2018 and 2017 have been excluded from the computation of diluted weighted shares outstanding, as they could have been anti-dilutive:
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2018 |
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2017 |
|
2018 |
|
2017 |
Stock options |
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4,104,574 |
|
2,198,630 |
|
4,104,574 |
|
2,198,630 |
Warrants on common stock |
|
18,986,559 |
|
19,001,143 |
|
18,986,559 |
|
19,001,143 |
Restricted Stock Awards |
|
400,000 |
|
— |
|
|
400,000 |
|
— |
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Underwriters' unit purchase option |
|
40,000 |
|
40,000 |
|
40,000 |
|
40,000 |
Convertible preferred shares |
|
— |
|
|
11,940,000 |
|
— |
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|
11,940,000 |
|