Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share

Net Loss Per Share

9 Months Ended

Sep. 30, 2020

3. Net Loss Per Share

The table below presents common shares underlying stock options, warrants and convertible loans that are excluded from the calculation of the weighted average number of common shares outstanding used for the calculation of diluted net loss per common share. These are excluded from the calculation due to their anti-dilutive effect:


	Three Months Ended		Nine Months Ended
	September 30,		September 30,
(in thousands)	2020	2019	2020	2019
Weighted-average anti-dilutive common shares resulting from options	913	1,282	934	1,027
Weighted-average anti-dilutive common shares resulting from warrants	8,342	5,961	8,342	1,222
Weighted-average anti-dilutive common shares resulting from convertible loans	3,243	330	3,243	332
	12,498	7,573	12,519	2,581