Annual report pursuant to Section 13 and 15(d)

Net Loss per Share (Tables)

v3.19.1
Net Loss per Share (Tables)
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share Continuing Basic and Diluted [Table Text Block]
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 from continuing operations
 
$
(3,787,499
)
 
$
(3,171,059
)
Non-cash dividend
 
 
(200,000
)
 
 
-
  
Adjusted net loss from continuing operations applicable to common shareholders
 
$
(3,987,499
)
 
$
(3,171,059
)
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
 
$
(0.26
)
 
$
(0.30
)
Adjusted net loss per share, basic and diluted reflective of one-for-nineteen reverse stock split
 
$
(4.90
)
 
$
(5.64
)
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
 
 
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
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
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:
  
 
 
Year Ended

December 31,
 
 
 
2018
 
 
2017
 
Stock options (exercise price $0.18 [$3.42] - 
$4.50
 [$85.50] per share)
 
 
2,565,427
  
 
 
725,000
  
Warrants (exercise price $0.30 [$5.70] -
 $7.43 [$141.17])
 
 
4,499,680
  
 
 
2,239,574
  
Total common stock equivalents
 
 
7,065,107
  
 
 
2,964,574