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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Significant Accounting Policies [Abstract]  
Antidilutive Securities Excluded from Computation of Diluted Weighted Shares Outstanding

 

 

 

 

 

 

 

 

 

 

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

 

Useful Lives of Property and Equipment

Estimated useful lives for property and equipment are as follows:

 

 

 

 

    

Estimated Useful Lives

Laboratory equipment

 

5 – 10 years

Office and computer equipment

 

3 – 5 years

Leasehold improvements

 

Shorter of lease term or useful life