Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share Attributable to Common Stock

v3.21.1
Net Loss per Share Attributable to Common Stock
3 Months Ended
Mar. 31, 2021
Net Loss per Share Attributable to Common Stock  
Net Loss per Share Attributable to Common Stock

Note 13. 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:

 

 

 

 

 

 

 

 

    

Three months ended March 31,

 

    

2021

    

2020

 

    

(Unaudited)

Numerator:

 

 

  

 

 

  

Net loss attributable to common stock—basic and diluted

 

$

(3,399,718)

 

$

(42,771)

 

 

 

 

 

 

 

Denominator:

 

 

  

 

 

  

Weighted average shares—basic and diluted

 

 

13,450,111

 

 

9,993,866

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

 

$

(0.25)

 

$

(0.00)

 

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.

 

 

 

 

 

 

    

Three months ended March 31,

 

    

2021

    

2020

Stock options

 

60,970

 

37,130

Unvested restricted stock awards

 

508,784

 

223,765

Common stock warrants

 

240,100

 

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