NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2019

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 10 NET LOSS PER SHARE

Basic net loss per share is computed by dividing the net loss available to common shareholders by the weighted average number of common shares outstanding during the period. As the Company was in a loss position for the periods presented, all potentially dilutive instruments were anti-dilutive and therefore not included in the calculation of diluted net loss per share. For the three months ended March 31, 2019, 3,838,317 outstanding options and 7,096,744 outstanding warrants (March 31, 2018 – 4,886,563 outstanding options and 10,350,000 outstanding warrants) to purchase shares of common stock were excluded from the computation of diluted loss per share.

Below is a reconciliation of the basic and diluted weighted average number of common shares outstanding and the computations for basic and diluted net loss per share for the three months ended March 31, 2019 and 2018:

	Three months ended  March 31,
	2019		2018
	(in thousands, except per share amounts)
Net loss	$	(10,136)	$	(5,211)
Weighted average common shares outstanding:		338,557		337,062
Diluted shares outstanding:		338,557		337,062
Net loss per share:
Basic and diluted	$	(0.03)	$	(0.02)