Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v3.10.0.1
Net Loss Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Net Loss Per Common Share

NOTE 2 — NET 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):

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to common shareholders

$

9,695

 

 

$

4,456

 

 

$

18,409

 

 

$

6,078

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

   and diluted

 

27,062,440

 

 

 

214,641

 

 

 

27,026,263

 

 

 

214,641

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

$

0.36

 

 

$

20.76

 

 

$

0.68

 

 

$

28.32

 

 

The following outstanding warrants and options were 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):

 

 

June 30,

 

 

2018

 

 

2017

 

Shares issuable upon exercise of warrants

 

3,522

 

 

 

35

 

Shares issuable upon exercise of stock options

 

4,347

 

 

 

450