Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.19.1
Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents

Cash, and cash equivalents consists of the following:

 

    March 31, 2019     December 31, 2018  
Cash   $ 1,298,233     $ 808,943  
Money market fund     88,621,565       40,939,525  
Total cash and cash equivalents shown in the statement of cash flows   $ 89,919,798     $ 41,748,468  

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 three months ended March 31, 2019 and 2018.

 

    Three Months Ended March 31  
    2019     2018  
Basic and diluted net loss per share of common stock:                
Net loss   $ (26,234,809 )   $ (11,695,385 )
Weighted average shares of common stock outstanding     61,675,904       56,367,548  
Net loss per share of common stock-basic and diluted   $ (0.43 )   $ (0.21 )

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

The impact of the following potentially dilutive securities outstanding during the three months ended March 31, 2019 and 2018 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be anti-dilutive.

 

    March 31,  
    2019     2018  
Warrants     1,200,000       2,288,500  
Stock options     11,891,741       9,342,584  
Total     13,091,741       11,631,084