Note 11. 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 similar 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 provides the numerator and denominator used in computing basic and diluted net loss per share for the periods indicated:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator:
Net loss	$	(4,843,408	)	$	(5,380,846	)	$	(14,326,084	)	$	(17,038,022	)
Denominator:
Weighted-average shares outstanding-basic and diluted		28,434,406			11,603,617			27,184,968			9,794,651
Net loss per share, basic and diluted	$	(0.17	)	$	(0.46	)	$	(0.53	)	$	(1.74	)

The following outstanding securities were excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive:

	Nine Months Ended September 30,
	2018		2017
Options to purchase common stock		2,148,323		1,532,979
Common stock warrants		237,846		219,723
Restricted stock units		249,166		34,999
QNAH convertible note		772,075		—