Net Loss Per Common Share

9 Months Ended

Sep. 30, 2020

11. Net Loss Per Common Share

Basic and diluted loss per common share were calculated as follows:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2020			2019			2020			2019
Net loss	$	(30,819,866	)	$	(17,675,373	)	$	(77,785,576	)	$	(49,244,511	)
Weighted average number of common shares outstanding, basic and diluted		39,058,294			32,740,486			38,784,569			31,876,074
Net loss per common share	$	(0.79	)	$	(0.54	)	$	(2.01	)	$	(1.54	)

The Company’s potential dilutive securities have been excluded from the computation of diluted net loss per common share as the effect would be to reduce the net loss per common share. The following common share equivalents have been excluded from the calculations of diluted loss per common share because their inclusion would have been antidilutive for the periods presented above:

	2020		2019
Stock options		4,528,607		3,398,099
Restricted stock		314,811		671,895
Restricted stock units		133,049		181,372
		4,976,467		4,251,366