Net Loss Per Share of Common Stock

6 Months Ended

Jun. 30, 2022

NOTE 4 — NET LOSS PER SHARE OF COMMON STOCK

Diluted loss per share is the same as basic loss per share for all periods presented as the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding, plus potential outstanding common stock for the period. Potential outstanding common stock includes stock options and shares underlying RSUs, but only to the extent that their inclusion is dilutive. The following table sets forth the computation of basic and diluted loss per share for common stockholders:


	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Net loss	$	(8,717,714	)	$	(10,589,163	)	$	(18,482,143	)	$	(19,393,896	)
Weighted average shares of common stock outstanding		5,340,196			5,340,196			5,340,196			5,340,196
Net loss per share of common stock – basic and diluted	$	(1.63	)	$	(1.98	)	$	(3.46	)	$	(3.63	)

The following securities outstanding at June 30, 2022 and 2021 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share is antidilutive:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Common stock options		467,429		1,215,594		467,429		1,215,594
Performance-based restricted stock units		456,422		—		456,422		—
Common stock warrants		5,099		5,099		5,099		5,099