Note 8 - Loss Per Share

3 Months Ended

Mar. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

8

- LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

	Three Months Ended March 31,
	2020			2019
Numerator:
Net loss attributable to common shareholders per common share: basic and diluted calculation	$	(4,529,317	)	$	(3,293,184	)
Denominator:
Weighted average common shares outstanding-basic (1)		4,886,328			1,573,152
Effect of diluted stock options, warrants and preferred stock (2)		-			-
Weighted average common shares outstanding-diluted		4,886,328			1,573,152
Loss per common share-basic and diluted	$	(0.93	)	$	(2.09	)

( 1 ) Includes 1,390,166 contingently issuable shares related to prefunded warrants for the three months ended March 31, 2020.

( 2 ) The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive:

	Three Months Ended March 31,
	2020		2019
Options		794,038		407,158
Warrants		5,663,594		595,113
Convertible debt		378,000		504,770
Preferred stock: series B		7,925		7,925
Preferred stock: series D		350,000		-
Preferred stock: series E		691,159		-