NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDERS

12 Months Ended

Dec. 31, 2019

NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDERS

NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDERS

NOTE 5:    NET LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDERS

Net Loss per Share Applicable to Common Stockholders

Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the reporting period. Diluted loss per common share is computed similarly to basic loss per common share except that it reflects the potential dilution that could occur if dilutive securities or other obligations to issue common stock were exercised or converted into common stock.

The following table sets forth the computation of loss per share for the years ended December 31, 2019 and 2018, respectively:

	For the Years Ended
	December 31,
	2019		2018
Numerator:
Net loss	$	(21,427,964)	$	(147,957,910)
Denominator:
Weighted average common shares outstanding		45,587,734		19,091,926
Net loss per share data:
Basic and diluted	$	(0.47)	$	(7.75)

The following securities, rounded to the thousand, were not included in the diluted net loss per share calculation because their effect was anti-dilutive for the periods presented:

	For the Years Ended
	December 31,
	2019	2018
Common stock options	4,983,000	4,120,000
Common stock purchase warrants	22,605,000	22,989,000
Common stock warrants - liability treatment	59,000	27,000
Potentially dilutive securities	27,647,000	27,136,000