NET LOSS PER SHARE

9 Months Ended

Sep. 30, 2020

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 5: NET LOSS PER SHARE

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 net loss per share for the three and nine months ended September 30, 2020 and 2019, respectively:

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Numerator:
Net loss	$	(7,371,500)	$	(5,459,486)	$	(20,198,843)	$	(16,348,802)
Denominator:
Weighted average common shares outstanding		46,867,119		45,655,387		46,509,391		45,541,434
Net loss per share data:
Basic and Diluted	$	(0.16)	$	(0.12)	$	(0.43)	$	(0.36)

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

	For the Nine Months Ended
	September 30,
	2020	2019
Common stock options	5,882,000	4,655,000
Common stock purchase warrants	20,964,000	22,618,000
Common stock warrants - liability treatment	—	56,000
Potentially dilutive securities	26,846,000	27,329,000