Net Loss Per Common Share/Unit (Tables)

6 Months Ended

Jun. 30, 2019

Basic and Diluted Loss per Common Share/Unit

Basic and diluted loss per common share/unit were calculated as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2019			2018			2019			2018
Net loss	$	(17,164,646	)	$	(7,854,542	)	$	(31,569,139	)	$	(12,004,928	)
Change in redemption value of preferred units		—			(14,834,049	)		—			(86,316,147	)
Net loss attributable to common shares/units—basic and diluted	$	(17,164,646	)	$	(22,688,591	)	$	(31,569,139	)	$	(98,321,075	)
Weighted average number of common shares/units outstanding, basic and diluted		31,440,051			1,897,544			31,408,658			1,897,544
Net loss per common share/unit	$	(0.55	)	$	(11.96	)	$	(1.01	)	$	(51.81	)

Common Share/Unit Equivalents Excluded from the Calculations of Diluted Loss Per Common Share/Unit

The following common share/unit equivalents have been excluded from the calculations of diluted loss per common share/unit because their inclusion would have been antidilutive for the periods ended June 30:

	2019		2018
Redeemable convertible preferred units		—		19,664,047
Incentive units		—		3,829,224
Restricted stock		822,677		—
Stock options		3,404,406		—
Restricted stock units		176,841		—
Preferred unit warrant		—		33,881
		4,403,924		23,527,152