Schedule of Cash and Cash Equivalents |
Cash and cash equivalents consists
of the following:
|
|
June 30,
2020 |
|
|
December 31,
2019 |
|
Cash |
|
$ |
764,791 |
|
|
$ |
884,115 |
|
Money market fund |
|
|
62,703,978 |
|
|
|
30,864,571 |
|
Total cash and cash equivalents |
|
$ |
63,468,769 |
|
|
$ |
31,748,686 |
|
|
Schedule of Computation of Net Income (Loss) Per Share |
Net income (loss) per share was
computed as follows:
|
|
Three Months Ended
June 30
|
|
|
Six Months Ended
June 30
|
|
|
|
2020 |
|
|
2019 |
|
|
2020 |
|
|
2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(38,105,323 |
) |
|
$ |
2,152,653 |
|
|
$ |
(67,762,123 |
) |
|
$ |
(24,082,156 |
) |
Weighted average number of common shares-basic |
|
|
73,885,548 |
|
|
|
64,546,628 |
|
|
|
71,578,975 |
|
|
|
63,119,196 |
|
Effect of dilutive securities |
|
|
— |
|
|
|
3,964,959 |
|
|
|
— |
|
|
|
— |
|
Weighted average number of common shares-diluted |
|
|
73,885,548 |
|
|
|
68,511,587 |
|
|
|
71,578,975 |
|
|
|
63,119,196 |
|
Net income (loss) per share of common stock-basic |
|
$ |
(0.52 |
) |
|
$ |
0.03 |
|
|
$ |
(0.95 |
) |
|
$ |
(0.38 |
) |
Net income (loss) per share of common stock-diluted |
|
$ |
(0.52 |
) |
|
$ |
0.03 |
|
|
$ |
(0.95 |
) |
|
$ |
(0.38 |
) |
Antidilutive awards (1) |
|
|
— |
|
|
|
281,132 |
|
|
|
— |
|
|
|
317,945 |
|
(1) |
Certain stock-based compensation awards were not included in the calculation of net income per common share for the three months ended June 30, 2019 because their effect would have been antidilutive. For the three months ended June 30, 2020 and the six months ended June 30, 2020 and 2019, the effect of dilutive shares was not included in the computation of net loss per share because the Company had a net loss. |
|