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Net Loss per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Net Loss per Share

Note 11. Net Loss Per Share

Basic loss per common share is computed by dividing the net loss allocable to common stockholders by the weighted-average number of shares of common stock or common stock equivalents outstanding. Diluted loss per common share is computed similar to basic loss per 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 a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share for the periods presented:

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

Net loss

 

$

(16,453,918

)

 

$

(18,960,017

)

Denominator:

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic and diluted

 

 

27,523,463

 

 

 

10,597,318

 

Net loss per share, basic and diluted

 

$

(0.60

)

 

$

(1.79

)

 

The following outstanding options, warrants, restricted stock units and debt conversion option were excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive:

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

Options to purchase common stock

 

 

2,047,237

 

 

 

1,517,771

 

Common stock warrants

 

 

237,846

 

 

 

219,723

 

Restricted stock units

 

 

227,707

 

 

 

26,666

 

QNAH convertible note

 

 

777,769

 

 

 

755,178