Net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Since dividends are declared, paid and set aside among the holders of shares of common stock and Class A common shares pro-rata on an as-if-converted basis, the two-class method of computing net loss per share is not required. Diluted net loss per share does not reflect the effect of shares of common stock to be issued upon the exercise of warrants or outstanding Class A preferred shares, as their inclusion would be anti-dilutive. The table below summarizes potentially dilutive securities that were not considered in the computation of diluted net loss per share because they would be anti-dilutive. Since there were no options or warrants outstanding as well as the conversion of rights as of June 30, 2016, the diluted loss per share equaled the basic loss per share during the period.

 

Potentially dilutive securities
		For the six months ended June 30
		2017			2016
Warrants (Note 7)			5,253,934			-
Options (Note 7)			1,241,675			-
Class A Preferred Shares (Note 7)			250,000			-
Unvested restricted stock awards (Note 7)			180,000			-
Unvested restricted stock units (Note 7)			110,000			-
Total			7,035,609			-