XML 20 R10.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net (Loss) Per Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net (Loss) Per Share
Net (Loss) Per Share
Basic (loss) per share (EPS) were computed by dividing net (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net (loss) for the three and six months ended June 30, 2018 and June 30, 2017.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
 
Numerator for basic and diluted (loss) per share, net income (loss) available to common shareholders
 
$
(1,035,438
)
 
$
(534,337
)
 
(2,086,244
)
 
(820,920
)
Denominator:
 
 
 
 
 
 
 
 
Denominator for basic (loss) per share, weighted average shares outstanding
 
12,075,580

 
8,471,494

 
12,124,538

 
8,478,339

Effect of dilutive securities
 

 

 

 

Denominator for diluted earnings per share, adjust weighted average shares and assumed conversion
 
12,075,580

 
8,471,494

 
12,124,538

 
8,478,339

Basic (loss) per common share
 
$
(0.09
)
 
$
(0.06
)
 
(0.17
)
 
$
(0.10
)
Diluted (loss) per common share and common share equivalent
 
$
(0.09
)
 
$
(0.06
)
 
(0.17
)
 
$
(0.10
)

The awards and options to purchase shares of common stock that were outstanding at June 30, 2018 and June 30, 2017 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive, are as follows:
 
Six Months Ended June 30,
 
2018
 
2017
Anti-dilutive awards and options
3,846,141

 
3,352,831