Net Loss Per Share and Stockholders’ Equity

3 Months Ended

Mar. 31, 2019

Earnings Per Share [Abstract]

Net Loss Per Share and Stockholders’ Equity

Basic net loss per share is computed using the weighted average number of common shares outstanding during the period, excluding any unvested restricted stock. Diluted net loss per share is computed using the weighted average number of common shares, and if dilutive, potential common shares outstanding, as determined under the treasury stock and if-converted methods, during the period. Potential common shares consist of unvested restricted stock, common shares issuable upon the exercise of stock options and the exercise of warrants. The following are the share amounts utilized to compute the basic and diluted net loss per share for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
Basic Shares:
Weighted average common shares outstanding		12,984,592			13,010,948
Weighted average unvested restricted stock		(60,001	)		(393,890	)
Basic Shares		12,924,591			12,617,058
Diluted Shares:
Basic shares		12,924,591			12,617,058
Weighted average dilutive securities		—			—
Diluted Shares		12,924,591			12,617,058

For the three months ended March 31, 2019 and 2018, the Company’s basic and diluted net loss per share are the same since the Company generated a net loss for the period and potentially dilutive securities are excluded from diluted net loss per share because they have an anti-dilutive impact.

For the three months ended March 31, 2019 and 2018, 4.1 million and 3.0 million, respectively, of potentially anti-dilutive securities related to common stock have been excluded from the calculation of diluted net earnings per share, respectively.