NET LOSS PER COMMON SHARE
 6 Months Ended 12 Months Ended
Jun. 30, 2018
Dec. 31, 2017
Earnings Per Share [Abstract]    
NET LOSS PER COMMON SHARE
NOTE 7 — NET LOSS PER COMMON SHARE
 
Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of Common Stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive Common Stock equivalents in the weighted average shares outstanding.
The following table sets forth the computation of basic and diluted loss per share:
 
 
 
For the Six

‎
Months ended

‎
June 30,

‎
2018
 
 
For the Six

‎
Months ended

‎
June 30,

‎
2017
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Numerator:
 
 
 
 
 
 
 
 
Net loss available to common stockholders
 
$
(8,264,948
)
 
$
(6,607,373
)
Denominator:
 
 
 
 
 
 
 
 
Denominator for basic and diluted loss per share (weighted-average shares)
 
 
33,603,861
 
 
 
28,394,151
 
 
 
 
 
 
 
 
 
 
Net loss per common share, basic and diluted
 
$
(0.25
)
 
$
(0.23
)
 
The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.
 
 
 
June 30, 2018
 
 
June 30, 2017
 
 
 
(Unaudited)
 
 
(Unaudited)
 
Common stock equivalents:
 
 
 
 
 
 
 
 
Stock options
 
 
2,230,453
 
 
 
1,794,453
 
Stock warrants
 
 
4,434,267
 
 
 
2,497,763
 
Restricted stock units
 
 
1,031,210
 
 
 
1,041,969
 
Convertible preferred stock
 
 
3,163,051
 
 
 
2,725,092
 
Total
 
 
10,858,981
 
 
 
8,059,277
 
NOTE 7 — NET LOSS PER COMMON SHARE
 
Net loss per common share is calculated in accordance with ASC Topic 260, “Earnings Per Share”. Basic loss per share is computed by dividing net loss available to common stockholder, adjusted for preferred dividends, by the weighted average number of shares of Common Stock outstanding during the period. The computation of diluted net loss per share does not include anti-dilutive Common Stock equivalents in the weighted average shares outstanding. The following table sets forth the computation of basic and diluted loss per share: 
 
  
For the Year ended
December 31,
2017
  
For the 
Year ended
December 31,
2016
 
Numerator:        
Net loss available to common stockholders $(14,163,125) $(19,235,140)
Denominator:        
Denominator for basic and diluted loss per share (weighted-average shares)  28,567,344   25,483,353 
         
Net loss per common share, basic and diluted $(0.50) $(0.75)
 
The following were excluded from the computation of diluted shares outstanding as they would have had an anti-dilutive impact on the Company’s net loss. In periods where the Company has a net loss, all dilutive securities are excluded.
 
  
December 31,
2017
  
December 31,
2016
 
Common stock equivalents:        
Stock options  1,794,453   1,794,453 
Stock warrants  4,434,267   4,311,166 
Restricted stock units  1,061,471   848,765 
Convertible preferred stock  3,163,051   2,725,092 
Total  10,453,242   9,679,476