Loss Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Loss Per Share

Loss Per Share

The following table sets forth the computation of unaudited basic and diluted loss per share for the three and nine months ended September 30, 2019 and 2018 (in thousands, except share and per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(Unaudited)				(Unaudited)
Numerator (both basic and diluted):
Net loss	$	(38,877)	$	(27,336)	$	(94,130)	$	(97,921)
Denominator:
Denominator for basic and diluted loss per share	25,606,264		26,509,944		26,551,592		26,430,681
Basic loss per common share:	$	(1.52)	$	(1.03)	$	(3.55)	$	(3.70)
Diluted loss per common share:	$	(1.52)	$	(1.03)	$	(3.55)	$	(3.70)

The Company has issued potentially dilutive instruments such as unvested restricted stock and common stock options. However, the Company did not include these instruments in its calculation of diluted loss per share during the periods presented, because to include them would be anti-dilutive.

The following table sets forth weighted average shares outstanding of potentially dilutive instruments for the three and nine months ended September 30, 2019 and 2018:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2019	2018	2019	2018
	(Unaudited)		(Unaudited)
Stock options	511,558	608,688	511,558	608,688
Warrants	2,066,576	2,066,576	2,066,576	2,066,576
Weighted average unvested restricted stock	631,742	86,761	326,054	37,656
Total	3,209,876	2,762,025	2,904,188	2,712,920