Net Income (Loss) Per Common Share
|12 Months Ended|
Dec. 31, 2017
|Earnings Per Share [Abstract]|
|Net Income (Loss) Per Common Share||
NOTE 2—NET INCOME (LOSS) PER COMMON SHARE
Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per share is computed by giving effect to all potential dilutive common shares, including outstanding options and warrants. The following is the calculation of basic and diluted net loss per share (in thousands, except share and per share data):
In August 2017, in conjunction with the Merger, all of the Private Molecular common stock was exchanged for the Company’s Common Stock at an exchange ratio of 7.7844, before giving effect to the 11:1 reverse stock split as a result of the Merger. Share amounts in the table above reflect this conversion.
The following outstanding warrants and options were split adjusted, and excluded from the computation of diluted net loss per share for the periods presented because including them would have had an antidilutive effect (in thousands):
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef