Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

v3.10.0.1
Net Loss Per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Share

14. Net Loss Per Share

 

Basic loss per share is computed using the weighted average number of common shares outstanding at September 30, 2018 and 2017, 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 28,034,087 and 821,588 for the three months ended September 30, 2018 and 2017, respectively and 19,017,292 and 821,588 for the nine months ended September 30, 2018 and 2017, respectively.

 

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

 

    Three months ended
September 30,
  Nine months ended
September 30,
    2018   2017   2018   2017
Numerator:                
Net loss   $ (609,795 )   $ (605,128 )   $ (12,695,933 )   $ (1,883,477 )
Denominator                                
Basic weighted average common shares outstanding     28,034,087       821,588       19,017,292       821,588  
Effect of dilutive securities     -       -       -       -  
Diluted weighted average common shares outstanding     28,034,087       821,588       19,017,292       821,588  
                                 
Net loss per common share                                
Basic   $ (0.02 )   $ (0.74 )   $ (0.67 )   $ (2.29 )
Diluted   $ (0.02 )   $ (0.74 )   $ (0.67 )   $ (2.29 )