Net Loss per Share |
5. Net Loss per Share
The following table sets forth the computation of basic and diluted net loss per share for the periods indicated:
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2018
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2017
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2018
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2017
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Basic and diluted net loss per share calculation:
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Net loss, basic
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$
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(1,606,000)
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$
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(779,000)
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$
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(7,790,000)
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$
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(10,486,000)
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Change in fair value of November 2016 warrants
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(21,000)
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-
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-
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(1,546,000)
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Net loss, diluted
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$
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(1,627,000)
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$
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(779,000)
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$
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(7,790,000)
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$
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(12,032,000)
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Weighted average shares outstanding, basic
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16,468,308
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8,874,813
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15,418,146
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5,326,139
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Net loss per share, basic
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$
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(0.10)
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$
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(0.09)
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$
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(0.51)
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$
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(1.97)
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Weighted average shares outstanding, diluted
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16,496,957
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8,874,813
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15,418,146
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5,518,847
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Net loss per share, diluted
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$
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(0.10)
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$
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(0.09)
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$
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(0.51)
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$
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(2.18)
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The following outstanding securities at September 30, 2018 and 2017 have been excluded from the computation of diluted weighted average shares outstanding for the three and nine months ended September 30, 2018 and 2017, as they would have been anti-dilutive:
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Three Months Ended
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Nine Months Ended
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September 30,
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September 30,
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2018
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2017
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2018
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2017
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Options
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1,149,164
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1,116,765
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1,149,164
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1,116,765
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Warrants
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8,126,329
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8,712,220
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8,294,827
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8,232,056
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Common stock (Note 6)
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-
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523,210
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-
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523,210
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Total
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9,275,493
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10,352,195
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9,443,991
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9,872,031
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