NET LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2017

NET LOSS PER COMMON SHARE

NET LOSS PER COMMON SHARE

13.    NET LOSS PER COMMON SHARE

Basic net loss per share of common stock has been computed by dividing net loss by the weighted average number of shares outstanding during the period. Diluted net income per share of common stock has been computed by dividing net income by the weighted average number of shares outstanding plus the dilutive effect, if any, of outstanding stock options, warrants and convertible securities. Diluted net loss per share of common stock has been computed by dividing the net loss for the period by the weighted average number of shares of common stock outstanding during such period. In a net loss period, options, warrants related to the Company’s May 2014 capital raise, which include an antidilution provisions, and convertible securities are anti-dilutive and therefore excluded from diluted loss per share calculations.

For the three-month periods ended March 31, 2017 and 2016, the following potentially dilutive securities were not

included in the computation of net loss per share because the effect would be anti-dilutive:

	At March 31,
	2017	2016
Stock options	4,031,756	3,055,578
Warrants	3,391,439	3,495,679
	7,423,195	6,551,257