Net Loss Per Common Share

6 Months Ended

Jun. 30, 2020

Note 16—Net Loss Per Common Share

Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per common share excludes the potential impact of the Company’s convertible preferred stock, common stock options and warrants because their effect would be anti-dilutive due to the Company’s net loss. Since the Company had a net loss in the periods presented, basic and diluted net loss per common share are the same.

The table below provides potentially dilutive securities not included in the calculation of the diluted net loss per common share because to do so would be anti-dilutive:


	Six Months Ended June 30,
	2020		2019
Shares issuable upon conversion of Series A Preferred Stock		391,210		391,210
Shares issuable upon conversion of Series B Preferred Stock		3,088,444		3,088,444
Shares issuable upon conversion of Series C Preferred Stock		4,499,921		4,499,921
Shares issuable upon conversion of Series D Preferred Stock		8,593,360		6,418,437
Shares issuable upon exercise of stock options		2,596,087		1,751,616
Shares issuable upon exercise of common stock warrants		509,562		509,562
Shares issuable upon exercise of preferred stock warrants		446,990		446,990

Total		20,125,574		17,106,180

For the six months ended June 30, 2020 and 2019, the PSUs are not included in the above table as awards with performance conditions are not included in the calculation of diluted earnings per share until the performance conditions for the PSU are considered probable.