Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

Net Loss per Share
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 7 - Net Loss per Share
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 nine months ended September 30,
Warrants     5,210,698       5,257,434  
Options     1,241,675       1,241,675  
Class A Preferred Shares     250,000       250,000  
Unvested restricted stock awards     230,000       180,000  
Unvested restricted stock units     715,500       110,000  
Total     7,647,873       7,039,109