Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.19.1
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents and Restricted Cash

Cash, cash equivalents, and restricted cash consists of the following:

 

    December 31,  
    2018     2017  
Cash   $ 808,943     $ 206,510  
Money market fund     40,939,525       62,330,985  
Cash and cash equivalents     41,748,468       62,537,495  
                 
Restricted cash     —       158,991  
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows   $ 41,748,468     $ 62,696,486  

Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2018 and 2017:

 

    Years Ended December 31,  
    2018     2017  
Basic and diluted net loss per share of common stock:                
Net loss   $ (55,672,139 )   $ (32,421,612 )
Weighted average shares of common stock outstanding     56,999,741       50,176,953  
Net loss per share of common stock-basic and diluted   $ (0.98 )   $ (0.65 )

Schedule of Potentially Dilutive Securities Excluded from Computation of Dilutive Weighted Average Shares Outstanding

The impact of the following potentially dilutive securities outstanding as of December 31, 2018 and 2017 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be antidilutive.

 

    December 31,  
    2018     2017  
Warrants     2,283,500       1,288,500  
Stock options     9,593,990       7,844,966  
      11,877,490       9,133,466