Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share - (Tables)

v3.19.3
Net Loss Per Share - (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of the computation of basic and diluted net loss per share of Common Stock
The following table sets forth the computation of basic and diluted net loss per share of common stock and preferred stock for the three and nine months ended September 30, 2019 and 2018, which includes both classes of participating securities: 

 
 
Three Months Ended
 
 
September 30,
 
 
2019
 
2018
 
 
Common stock
 
Preferred stock
 
Common stock
 
Preferred stock
Numerator:
 
 
 
 
 
 
 
 
Allocation of undistributed net loss
 
$
(3,019,101
)
 
$
(997,353
)
 
$
(24,603,575
)
 
$
—

Denominator:
 
 
 
 
 
 
 
 
Weighted average shares
 
43,244,481

 
2,857,143

 
34,648,641

 
—

Basic and diluted net loss per share
 
$
(0.07
)
 
$
(0.35
)
 
$
(0.71
)
 
$
—

 
 
 
 
 
 
 
 
 


 
 
Nine Months Ended
 
 
September 30,
 
 
2019
 
2018
 
 
Common stock
 
Preferred stock
 
Common stock
 
Preferred stock
Numerator:
 
 
 
 
 
 
 
 
Allocation of undistributed net loss
 
$
(13,238,766
)
 
$
(4,454,835
)
 
$
(34,493,895
)
 
$
—

Denominator:
 
 
 
 
 
 
 
 
Weighted average shares
 
42,453,928

 
2,857,143

 
32,749,291

 
—

Basic and diluted net loss per share
 
$
(0.31
)
 
$
(1.56
)
 
$
(1.05
)
 
$
—

 
 
 
 
 
 
 
 
 

Schedule of anti-dilutive securities excluded from computation of diluted weighted shares outstanding
The following outstanding securities have been excluded from the computation of diluted weighted shares outstanding for the three and nine months ended September 30, 2019 and 2018, as they could have been anti-dilutive: 
 
 
Three and Nine Months Ended
 
 
 
September 30,
 
 
 
2019
 
2018
 
Stock options
 
5,297,124
 
4,119,187
 
Warrants on common stock
 
4,024,708
 
18,905,064
 
Restricted Stock Units
 
267,500
 
445,000
 
Underwriters' unit purchase option
 
40,000
 
40,000