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Net (Loss) Income per Common Share (Tables)
12 Months Ended
Dec. 31, 2018
Net Loss per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net loss per common share for the periods indicated:







 

 

 

 

 

 



 

 

 

 

 

 



 

Year Ended



 

December 31,



 

2018

 

2017

Basic and diluted net loss per share calculation:

 

 

 

 

 

 

Net loss, basic

 

$

(12,110,000)

 

$

(12,838,000)

Change in fair value of November 2016 warrants

 

 

(55,000)

 

 

(1,524,000)

Net loss, diluted

 

$

(12,165,000)

 

$

(14,362,000)

Weighted average shares outstanding, basic

 

 

18,980,796 

 

 

6,387,425 

Net loss per share, basic

 

$

(0.64)

 

$

(2.01)

Weighted average shares outstanding, diluted

 

 

19,059,895 

 

 

6,574,117 

Net loss per share, diluted

 

$

(0.64)

 

$

(2.18)



Antidilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding



The following outstanding securities at December 31, 2018 and 2017 have been excluded from the computation of diluted weighted average shares outstanding for the years ended December 31, 2018 and 2017, as they would have been anti-dilutive:





 

 

 

 

 

 



 

 

 

 

 

 



 

Year Ended



 

December 31,



 

2018

 

 

2017

Options

 

 

1,150,065 

 

 

1,115,865 

Warrants

 

 

26,961,187 

 

 

8,225,087 

Total

 

 

28,111,252 

 

 

9,340,952