Net Loss Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

12. Net Loss Per Share

Basic loss per share is computed using the weighted average number of common shares outstanding at June 30, 2019 and 2018, respectively. Diluted loss per share reflects the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Basic and diluted weighted average number of common shares outstanding was 28,037,713 and 23,179,779 for the three months ended June 30, 2019 and 2018, respectively and 28,037,713 and 14,756.246 for the six months ended June 30, 2019 and 2018, respectively.

The following table sets forth the computation of net loss per common share – basic and diluted: 

	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Numerator:
Net loss	$	(230,354	)	$	(11,799,327	)	$	(350,097	)	$	(12,086,137	)
Denominator
Basic weighted average common shares outstanding		28,037,713			23,479,779			28,037,713			14,756,246
Effect of dilutive securities		-			-			-			-
Diluted weighted average common shares outstanding		28,037,713			23,479,779			28,037,713			14,756,246
Net loss per common share
Basic		(0.01	)		(0.50	)		(0.01	)		(0.82	)
Diluted		(0.01	)		(0.50	)		(0.01	)		(0.82	)