Annual report pursuant to Section 13 and 15(d)

Net Loss Per Common Share

v3.20.4
Net Loss Per Common Share
12 Months Ended
Dec. 31, 2020
Earnings Per Share [Abstract]  
Net Loss Per Common Share Net Loss Per Common Share
Basic and diluted net loss per Common Share is computed by dividing net loss by the weighted average number of Common Shares outstanding for the year. In determining diluted net loss per Common Share, the weighted average number of Common Shares outstanding is adjusted for stock options and warrants eligible for exercise where the average market price of Common Shares for the years ended December 31, 2020, 2019 and 2018 exceeds the exercise price. Common Shares that could potentially dilute basic net loss per Common Share in the future that could be issued from the exercise of stock options and warrants were not included in the computation of the diluted loss per Common Share for the years ended December 31, 2020, 2019 and 2018, because to do so would be anti-dilutive. Therefore, the weighted average number of Common Shares outstanding used to calculate both basic and diluted net loss per share attributable to Common Shareholders is the same.
The numerator and denominator used in the calculation of basic and diluted net loss amounts per Common Share are as follows:
2020 2019 2018
Net loss for the year $ (102,680) $ (88,385) $ (53,079)
Weighted average number of Ccommon Shares outstanding 118,473 93,024 84,782
Net loss per Common Share (expressed in $ per share) $ (0.87) $ (0.95) $ (0.63)
The outstanding number and type of securities that would potentially dilute basic loss per Common Share in the future and which were not included in the computation of diluted loss per share, because to do so would be anti-dilutive for the years presented, are as follows:
2020 2019 2018
Stock options 14,486 7,822 7,591
Warrants 1,690 1,691 5,261
16,176 9,513 12,852