Net Loss Per Share

9 Months Ended

Sep. 30, 2020

Net Loss Per Share

Note 9. Net Loss Per Share

Note 9: Net Loss Per Share

Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. Diluted net loss per share is computed by giving effect to all potential dilutive common stock equivalents for the period. For purposes of this calculation, options to purchase common stock, warrants, restricted stock units (“RSUs”) and the conversion option of the Convertible Notes (Note 6) are considered to be potential common shares outstanding.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2020			2019			2020			2019
Net loss	$	(1,542,349	)	$	(2,527,113	)	$	(3,500,810	)	$	(9,659,147	)
Weighted average common shares outstanding, basic and diluted		11,564,856			10,948,416			11,538,457			10,028,246
Net loss per share, basic and diluted	$	(0.13	)	$	(0.23	)	$	(0.30	)	$	(0.96	)

Additionally, since the Company incurred net losses for each of the periods presented, diluted net loss per share is the same as basic net loss per share. The Company’s outstanding warrants, stock options, unvested RSUs, and convertible notes were not included in the calculation of diluted net loss per share as the effect would be anti-dilutive. The following table contains all potentially dilutive common stock equivalents:

	Three and Nine Months Ended
	September 30,
	2020		2019
Warrants		-		-
Convertible notes		-		-
Stock options		1,611,966		1,419,844
Restricted stock units (RSUs)		25,716		-
Total		1,637,682		1,419,844