Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities

During the years ended December 31, 2020 and 2019, diluted earnings per common share is the same as basic earnings per common share because, as the Company incurred a net loss during each period presented, the potentially dilutive securities from the assumed exercise of all outstanding stock options, warrants and conversion of preferred stock, would have an anti-dilutive effect. The reconciliation of the diluted shares as of December 31, 2020 and 2019 are as follows (in thousands):

 

    As of December 31,  
    2020     2019  
Stock options     22,551       17,529  
Preferred Stock and accrued dividend upon conversion     8,722       9,154  
Warrants     1,328       5,397  
Total     32,601       32,080