| Earnings Per Share [Text Block] |
Note 9. 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 from continuing operations per share and net loss per share for the periods presented:
| |
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss from continuing operations |
|
$ |
(909,410 |
) |
|
$ |
(690,172 |
) |
|
$ |
(2,992,523 |
) |
|
$ |
(2,270,516 |
) |
| Non-cash dividend |
|
|
— |
|
|
|
— |
|
|
|
200,000 |
|
|
|
— |
|
| Adjusted net loss from continuing operations for common shareholders |
|
$ |
(909,410 |
) |
|
$ |
(690,172 |
) |
|
$ |
(3,192,523 |
) |
|
$ |
(2,270,516 |
) |
| Weighted-average common shares used in computing net loss per share, basic and diluted |
|
|
15,263,247 |
|
|
|
10,714,200 |
|
|
|
14,909,586 |
|
|
|
9,608,042 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss per share, basic and diluted |
|
$ |
(0.06 |
) |
|
$ |
(0.06 |
) |
|
$ |
(0.21 |
) |
|
$ |
(0.24 |
) |
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss |
|
$ |
(1,233,420 |
) |
|
$ |
(2,462,054 |
) |
|
$ |
(13,665,941 |
) |
|
$ |
(7,135,962 |
) |
Non-cash dividend |
|
|
— |
|
|
|
— |
|
|
|
200,000 |
|
|
|
— |
|
Adjusted net loss for common shareholders |
|
$ |
(1,233,420 |
) |
|
$ |
(2,462,054 |
) |
|
$ |
(13,865,941 |
) |
|
$ |
(7,135,962 |
) |
Weighted-average common shares used in computing net loss per share, basic and diluted |
|
|
15,263,247 |
|
|
|
10,714,200 |
|
|
|
14,909,586 |
|
|
|
9,608,042 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss per share, basic and diluted |
|
$ |
(0.08 |
) |
|
$ |
(0.23 |
) |
|
$ |
(0.93 |
) |
|
$ |
(0.74 |
) |
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
September 30, |
|
|
Nine Months Ended
September 30,
|
|
| |
|
|
|
|
|
|
|
2018 |
|
|
2017 |
|
| Stock options (exercise price $0.18 - $4.50 per share) |
|
|
2,265,427 |
|
|
|
166,666 |
|
|
|
2,265,427 |
|
|
|
166,666 |
|
| Warrants (exercise price $0.29 - $7.43) |
|
|
4,143,430 |
|
|
|
482,480 |
|
|
|
4,143,430 |
|
|
|
482,480 |
|
| Total common stock equivalents |
|
|
6,408,857 |
|
|
|
649,146 |
|
|
|
6,408,857 |
|
|
|
649,146 |
|
|