Annual report pursuant to Section 13 and 15(d)

Loss Per Share Applicable to Common Shareholder

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Loss Per Share Applicable to Common Shareholder
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Loss Per Share Applicable to Common Shareholder

NOTE 9 - LOSS PER SHARE APPLICABLE TO COMMON SHAREHOLDER

 

Basic net loss per common share (“Basic EPS”) is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding during the period. All outstanding share options and warrants for the years ended December 31, 2019 and 2018 have been excluded from the calculation of the diluted net loss per share because all such securities are anti-dilutive for all periods presented.

 

The following table summarizes the Company’s securities, in common share equivalents, which have been excluded from the calculation of dilutive loss per share as their effect would be anti-dilutive:

 

    December 31, 2019     December 31, 2018  
Series D Preferred Stock Shares     303,782       303,782  
Series E Preferred Stock Shares     1,825,000        
Stock Options - employee and non-employee     1,556,332       734,756  
Warrants     266,667       266,667  
Total     3,951,781       1,305,205  

 

The diluted loss per share equals basic loss per share in the year ended December 31, 2019 and 2018 because the Company had a net loss and the impact of the assumed exercise of stock options and the vesting of restricted stock would have been anti-dilutive.