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Net Loss Per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share

NOTE 6- NET LOSS PER SHARE:

 

Basic and diluted net loss per share is computed by dividing the net loss for the period attributable to common stock (after adding the beneficial conversion feature included in the series C preferred shares) by the weighted average number of shares of common stock outstanding during the period, including 2,523,606 and 3,739,209 weighted average shares of common stock issuable to holders of Series B Convertible Preferred Stock for the six and three month periods ended June 30, 2017, respectively (since they are convertible based on passage of time). The calculation of diluted net loss per share excludes potential share issuances of common stock upon the exercise of share options, warrants, restricted stocks and placement agent unit as the effect is anti-dilutive.

 

The total number of shares of common stock related to outstanding options, warrants, restricted stock, Series C Convertible Preferred Stock and placement agent units excluded from the calculations of diluted loss per share were 14,625,902 for the six and three month periods ended June 30, 2017.

 

The total number of shares of common stock related to outstanding options, warrants and restricted stock excluded from the calculations of diluted loss per share were 323,753 for the six and three month periods ended June 30, 2016.