Loss Per Share

9 Months Ended

Sep. 30, 2017

Loss Per Share [Text Block]

17. Loss Per Share

The following is the calculation of loss per share:

		Three months ended September 30,						Nine months ended September 30,
		2016			2017			2016			2017
Net loss	$	(5,947,722	)	$	(4,202,753	)	$	(10,519,521	)	$	(10,024,349	)
Weighted average shares used in basic and diluted computation (note)		17,339,426			26,334,918			17,284,632			22,174,315
Loss per share	$	(0.34	)	$	(0.16	)	$	(0.61	)	$	(0.45	)

Note:  Including 5,5000 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2016 and [166,003] vested restricted shares granted pursuant to the 2015 plan that were not yet issued for the three and nine months ended September 30, 2017.

For the three and nine months ended September 30, 2016 and 2017, 822,000 and 424,666 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.