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:

 

		Year Ended December 31,
		2018				2017
Net loss		$	(14,592,246	)		$	(11,978,563	)
Non-cash dividend			(200,000	)			-
Adjusted net loss applicable to common shareholders		$	(14,792,246	)		$	(11,978,563	)
Weighted-average common shares used in computing net loss per share, basic and diluted  (pre-split)			15,460,391				10,679,898
Weighted-average common shares used in computing net loss per share, basic and diluted (post-split)			813,705				562,100
Adjusted net loss per share, basic and diluted		$	(0.96	)		$	(1.12	)
Adjusted net loss per share, basic and diluted reflective of one-for-nineteen reverse stock split		$	(18.18	)		$	(21.31	)

 

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: