Annual report pursuant to Section 13 and 15(d)

Net Loss per Share Attributable to Common Stock

v3.21.1
Net Loss per Share Attributable to Common Stock
12 Months Ended
Dec. 31, 2020
Net Loss per Share Attributable to Common Stock  
Net Loss per Share Attributable to Common Stock

Note 15.  Net Loss per Share Attributable to Common Stock

Basic loss per share of common stock is computed by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net loss per share is calculated by adjusting the weighted-average number of shares outstanding for the dilutive effect of common stock equivalents outstanding for the period, determined using the treasury-stock method. Diluted loss per share excludes, when applicable, the potential impact of stock options, unvested shares of restricted stock awards, and common stock warrants because their effect would be anti-dilutive due to our net loss. Since the Company had a net loss in each of the periods presented, basic and diluted net loss per common share are the same.

The calculation of basic and diluted net loss per share attributable to common stock was as follows:

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

    

2020

    

2019

Numerator:

 

 

  

 

 

  

Net loss attributable to common stock—basic and diluted

 

$

(1,340,584)

 

$

(4,092,297)

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

Weighted average shares—basic and diluted

 

 

11,404,262

 

 

9,804,988

Net loss per share attributable to common stock—basic and diluted

 

$

(0.12)

 

$

(0.42)

 

The following outstanding shares of common stock equivalents were excluded from the computation of the diluted net loss per share attributable to common stock for the periods presented because their effect would have been anti-dilutive.

 

 

 

 

 

 

 

 

Year Ended December 31,

 

    

2020

    

2019

Stock options

 

47,332

 

37,130

Unvested restricted stock awards

 

390,787

 

227,981

Common stock warrants

 

240,100

 

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