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Net Loss Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Common Share
Net Loss Per Common Share
 
Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution that could occur if stock options were exercised.
 
The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net loss per share: 

 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net loss
$
(2,415,332
)
 
$
(2,932,722
)
 
$
(4,900,236
)
 
$
(5,706,903
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Basic and diluted weighted average shares outstanding
53,834,285

 
38,614,940

 
51,859,818

 
37,942,856

 
 
 
 
 
 
 
 
Net loss per common share:
 
 
 
 
 
 
 
Basic
$
(0.04
)
 
$
(0.08
)
 
$
(0.09
)
 
$
(0.15
)
Diluted
$
(0.04
)
 
$
(0.08
)
 
$
(0.09
)
 
$
(0.15
)


There are 10,000 common stock equivalent shares associated with stock options that are not included in the computation of diluted loss per share because the Company has a net loss and the inclusion of such shares would be antidilutive.