Net Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

Net Loss Per Share

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, 2020 and 2019:

	Three Months Ended June 30,						Six Months Ended  June 30,
	2020			2019			2020			2019
Basic Shares:
Weighted average common shares outstanding		13,146,831			13,147,741			13,146,831			13,066,617
Weighted average unvested restricted stock		(13,333	)		(36,850	)		(13,333	)		(48,362	)
Basic Shares		13,133,498			13,110,891			13,133,498			13,018,255
Diluted Shares:
Basic shares		13,133,498			13,110,891			13,133,498			13,018,255
Weighted average dilutive securities		—			—			—			—
Diluted Shares		13,133,498			13,110,891			13,133,498			13,018,255

For the three and six months ended June 30, 2020 and 2019, the Company’s basic and diluted net loss per share are the same because 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, 2020, the Company had 4.0 million of potentially anti-dilutive securities related to common stock that have been excluded from the calculation of diluted net earnings per share. For the three and six months ended June 30, 2019, the Company had 4.2 million and 4.1 million of potentially anti-dilutive securities related to common stock that have been excluded from the calculation of diluted net earnings per share, respectively.