Net Loss Per Share and Stockholders' Equity

6 Months Ended

Jun. 30, 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 and common shares issuable upon the exercise of stock options and warrants.  

The following are the share amounts utilized to compute the basic and diluted net loss per share for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,						Six Months Ended  June 30,
	2019			2018			2019			2018
Basic Shares:
Weighted average common shares outstanding		13,147,741			12,920,591			13,066,617			12,965,520
Weighted average unvested restricted stock		(36,850	)		(194,505	)		(48,362	)		(293,646	)
Basic Shares		13,110,891			12,726,086			13,018,255			12,671,874
Diluted Shares:
Basic shares		13,110,891			12,726,086			13,018,255			12,671,874
Weighted average dilutive securities		—			—			—			—
Diluted Shares		13,110,891			12,726,086			13,018,255			12,671,874

For the three and six months ended June 30, 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 and six months ended June 30, 2019, 4.2 million and 4.1 million of potentially anti-dilutive securities related to common stock have been excluded from the calculation of diluted net earnings per share, respectively. For the three and six months ended June 30, 2018, 4.2 and 4.3 million of potentially anti-dilutive securities related to common stock have been excluded from the calculation of diluted net earnings per share, respectively.