SCWorx, Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

Net Loss per Share

6 Months Ended

Jun. 30, 2017

Note 7. Net Loss per Share

Basic net loss per share is computed by dividing net loss for the period by the weighted average shares of common stock outstanding during each period. Diluted net loss per share is computed by dividing net loss for the period by the weighted average shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period. The Company uses the treasury stock method to determine whether there is a dilutive effect of outstanding option grants.

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the periods presented:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Net loss	$	(2,304,075)	$	(2,702,254)	$	(4,673,908)	$	(2,818,941)

Weighted-average common shares used in computing net loss per share, basic and diluted		9,510,460		5,289,136		9,400,339		5,289,136

Net loss per share, basic and diluted	$	(0.24)	$	(0.51)	$	(0.50)	$	(0.53)

The following securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been anti-dilutive:

	Three Months Ended			Six Months Ended
	June 30,			June 30,
	2017		2016	2017		2016
Stock options (exercise price $3.55 - $4.50 per share)		500,000			500,000
Warrants (exercise price $4.50 - $7.43)		565,813			565,813
Total common stock equivalents		1,065,813			1,065,813