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Loss Per Common Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Loss Per Common Share

Note 16. Loss Per Common Share

 

    2018     2017  
Net loss attributable to common stockholders   $ (27,426,356 )   $ (10,503,049 )
Basic                
Basic weighted average common shares outstanding     78,386,116       61,182,209  
Diluted                
Diluted weighted average common shares outstanding     78,386,116       61,182,209  
Net loss per share:                
Basic   $ (0.35 )   $ (0.17 )
Diluted   $ (0.35 )   $ (0.17 )

 

Basic loss per common share attributable to our shareholders is calculated by dividing the net loss attributable to our shareholders by the weighted average number of outstanding common shares during the period.

 

Diluted loss per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding. Diluted net loss per share equals basic net loss per share because the effect of securities convertible into common shares is anti-dilutive.

 

The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in our losses and thus these shares were not included in the computation of diluted loss per share because the effect was either antidilutive.

 

    December 31,     December 31,  
    2018     2017  
Warrants     60,000       2,521,896  
Options     1,706,431       2,162,977  
Series A Preferred Stock     933,333       933,333  
Convertible promissory note and interest     10,407,233       35,346,703  
Total     13,106,997       40,964,909