Quarterly report pursuant to Section 13 or 15(d)

Net (Loss) Income per Share Attributable to Common Stock

v3.21.2
Net (Loss) Income per Share Attributable to Common Stock
6 Months Ended
Jun. 30, 2021
Net (Loss) Income per Share Attributable to Common Stock  
Net (Loss) Income per Share Attributable to Common Stock

Note 15. Net (Loss) Income per Share Attributable to Common Stock

Basic net (loss) income per share of common stock is computed by dividing net (loss) income attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net (loss) income 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) income 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.

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

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​

​

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Three months ended

    

Six months ended

​

​

June 30,

​

June 30,

​

    

2021

    

2020

 

2021

    

2020

Net (loss) income

​

$

(2,091,434)

​

$

160,798

​

$

(5,491,152)

​

$

118,027

​

​

​

​

​

​

​

​

​

​

​

​

​

Weighted-average basic shares outstanding

​

​

14,048,136

​

​

9,996,775

​

​

13,750,775

​

​

9,996,939

Effect of dilutive securities:

​

​

​

​

​

​

​

​

​

​

​

​

Unvested restricted stock awards

​

 

—

​

 

29,767

​

 

—

​

 

17,889

Stock options

​

 

—

​

 

3,483

​

 

—

​

 

1,441

Weighted-average diluted shares outstanding

​

​

14,048,136

​

​

10,030,025

​

​

13,750,775

​

​

10,016,269

​

​

​

​

​

​

​

​

​

​

​

​

​

Net (loss) income per share – basic

​

$

(0.15)

​

$

0.02

​

$

(0.40)

​

$

0.01

Net (loss) income per share – diluted

​

$

(0.15)

​

$

0.02

​

$

(0.40)

​

$

0.01

​

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.

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​

​

​

​

​

​

​

    

Three months ended

    

Six months ended

​

​

June 30,

​

June 30,

​

    

2021

    

2020

    

2021

    

2020

Stock options

​

43,998

 

—

​

43,998

 

—

Unvested restricted stock awards

​

498,806

 

—

​

498,806

 

—

Common stock warrants

​

240,100

 

—

​

240,100

 

—

​