7. Net Loss per Share

Diluted EPS for the year ended December 31, 2019 included a numerator adjustment to remove the gain related to the change in fair value of derivative liabilities $0.9 million, net of interest. Additionally, diluted EPS for the year ended December 31, 2019 included an adjustment to the weighted-average shares outstanding to appropriately weight the 516,976 issuance of shares to SGI as discussed in Note 11.


	Year Ended
	December 31,
	2019		2018
Basic and diluted net loss per share calculation:
Net loss, basic	$	(19,479,000)	$	(16,702,000)
Change in fair value of derivative liabilities, net of interest		(938,000)		—
Net loss, diluted		(20,417,000)		(16,702,000)
Weighted average shares outstanding, basic		7,827,197		4,652,777
Net loss per share, basic	$	(2.49)	$	(3.59)
Weighted average shares outstanding, diluted		8,009,909		4,652,777
Net loss per share, diluted	$	(2.55)	$	(3.59)

The following outstanding securities at December 31, 2019 and 2018 have been excluded from the computation of diluted weighted average shares outstanding for the years ended December 31, 2019 and 2018, as they would have been anti-dilutive:


	Year Ended
	December 31,
	2019	2018
Options	1,275,380	136,463
Restricted stock awards	343,493	416,856
Warrants	1,854,007	—
Total	3,472,880	553,319