Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

v3.7.0.1
Net Loss per Share
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
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
 
 
—