Net Loss Per Share

12 Months Ended

Dec. 31, 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.

Computation of net loss per share is as follows:

	Year Ended
	December 31,
	2020			2019
Net loss	$	(5,829,029	)	$	(12,387,976	)
Basic weighted average common shares outstanding		11,611,020			10,323,889
Add incremental shares for:
Stock options		-			-
Restricted stock units (RSUs)		-			-
Diluted weighted average common shares outstanding		11,611,020			10,323,889
Net loss per share:
Basic and Diluted	$	(0.50	)	$	(1.20	)

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, stock options and unvested RSUs 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:

	Year Ended
	December 31,
	2020		2019
Stock options		1,383,057		1,470,406
Restricted stock units (RSUs)		61,120		50,494
Total		1,444,177		1,520,900