Net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period less unvested restricted stock. 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.

 

		For the three months ended March 31,
		2018			2017
Warrants			5,222,775			5,253,935
Options			1,241,675			-
Class A Preferred Shares			250,000			250,000
Unvested restricted stock awards			180,000			-
Unvested restricted stock units			309,000			-
Total			7,203,450			5,503,935