Note 9 - Loss Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

9

- LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

	Year Ended December 31,
	2020			2019
Numerator:
Net loss attributable to common shareholders per common share: basic and diluted calculation	$	(26,438,684	)	$	(19,680,701	)
Denominator:
Weighted average common shares outstanding-basic		11,950,154			2,870,132
Effect of diluted stock options, warrants and preferred stock (1)		-			-
Weighted average common shares outstanding-diluted		11,950,154			2,870,132
Loss per common share-basic and diluted	$	(2.21	)	$	(6.86	)

(

1

) The following is a summary of the number of underlying shares outstanding at the end of the respective periods that have been excluded from the diluted calculations because the effect on loss per common share would have been anti-dilutive:

	Year Ended December 31,
	2020		2019
Options		1,013,547		766,424
Warrants		7,353,376		2,171,610
Convertible debt		1,107,544		82,751
Preferred stock: Series B		79,246		79,246
Preferred stock: Series D		-		350,000
Preferred stock: Series E		-		594,383