Loss Per Common Share (Notes)

6 Months Ended

Jun. 30, 2020

LOSS PER COMMON SHARE Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Although restricted stock is issued upon the grant of an award, the Company excludes restricted stock from the computations of weighted-average number of shares of common

stock outstanding until such time as the stock vests. Diluted loss per share is computed by dividing the net income or loss by the sum of the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.


	Three Months Ended						Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
Net loss	$	(1,791,142)	$	(1,992,386)	$	(7,954,603)	$	(3,822,966)
Weighted average shares outstanding - basic and diluted	36,108,073		22,277,677		35,394,639		17,466,784
Basic and diluted loss per common share	$	(0.05)	$	(0.09)	$	(0.22)	$	(0.22)

The Company excluded the following weighted average items from the above computation of diluted loss per common share, as their effect would be anti-dilutive:


	Three Months Ended			Six Months Ended
	June 30, 2020	June 30, 2019	June 30, 2020	June 30, 2019
Stock options	1,544,843	1,173,705	1,451,671	1,101,589
Restricted stock units	1,070,733	212,939	941,710	237,496
Restricted stock	282,809	132,056	334,509	119,473
Warrants	12,500	17,500	13,104	17,500
Total excluded shares	2,910,885	1,536,200	2,740,994	1,476,058