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Net Loss per Share
6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Net Loss per Share

10. Net Loss per Share

Basic and diluted net loss per share was calculated as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(4,390

)

 

$

(7,172

)

 

$

(11,138

)

 

$

(14,385

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding—basic

   and diluted.

 

 

31,221,139

 

 

 

26,453,428

 

 

 

29,515,749

 

 

 

20,666,988

 

Weighted average pre-funded warrants to purchase common stock.

 

 

-

 

 

 

1,072,637

 

 

 

-

 

 

 

539,281

 

Total

 

 

31,221,139

 

 

 

27,526,065

 

 

 

29,515,749

 

 

 

21,206,269

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per share —basic and diluted

 

$

(0.14

)

 

$

(0.26

)

 

$

(0.38

)

 

$

(0.68

)

 

The Company’s potential dilutive securities, which include stock options and warrants, have been excluded from the computation of diluted net loss per share whenever the effect of including them would be to reduce the net loss per share. In periods where there is a net loss, the weighted average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The following potential shares of common stock, presented based on amounts outstanding at each period end, were excluded from the calculation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

 

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

Warrants to purchase common stock

 

 

12,935,323

 

 

 

12,935,323

 

Stock options to purchase common stock

 

 

4,689,952

 

 

 

3,877,468

 

Restricted stock units to purchase common stock

 

 

10,000

 

 

 

50,000

 

Total

 

 

17,635,275

 

 

 

16,862,791