Net Loss Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Net Loss Per Share

11. Net Loss Per Share

Basic and diluted net loss per share is calculated using the weighted average number of shares outstanding as follows (in thousands, except per share amounts):

	Year Ended December 31,
	2014		2013
Net loss attributable to common shareholders	$	(20,521,470)	$	(4,731,072)
Basic and diluted:
Weighted average shares outstanding		22,036,773		8,435,197
Less weighted average restricted shares outstanding		(4,223,699)		-
Shares used in calculation of basic and diluted net loss per common share		17,813,074		8,435,197
Net loss per common share: Basic and diluted	$	(1.15)	$	(0.56)

Equity awards, unvested share rights, and common stock equivalent of warrants and preferred stock, aggregating 13.9 million shares, and 11.8 million shares for the year ended December 31, 2014, and 2013, respectively, prior to the application of the treasury stock method, are excluded from the calculation of diluted net loss per share because they are anti-dilutive.