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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Reconciliation of Numerator and Denominator Used in Computing Basic and Diluted Net Loss per Share

The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net loss per share:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,452,342

)

 

$

(3,684,826

)

 

$

(10,540,477

)

 

$

(6,512,416

)

Accretion of stock issuance costs

 

 

(10,969

)

 

 

(186,206

)

 

 

(35,046

)

 

 

(208,687

)

Accretion of discount on Series E warrants

 

 

(40,146

)

 

 

(85,717

)

 

 

(127,616

)

 

 

(137,094

)

Series E and D, preferred stock dividends

 

 

(367,350

)

 

 

(828,125

)

 

 

(1,165,932

)

 

 

(1,568,762

)

Net loss attributable to common stockholders

 

$

(6,870,807

)

 

$

(4,784,874

)

 

$

(11,869,071

)

 

$

(8,426,959

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

   -basic and diluted

 

 

3,973,055

 

 

 

96,440

 

 

 

2,163,295

 

 

 

96,426

 

 

Outstanding Options, Warrants and Preferred Stock Excluded from Computation of Diluted Net Loss per Share

The following outstanding options, warrants and preferred stock were excluded from the computation of diluted net loss per share for the periods presented because their effect would have been anti-dilutive:

 

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

Options to purchase common stock

 

 

610,090

 

 

 

553,622

 

Convertible preferred stock (as converted)

 

 

 

 

 

2,353,163

 

Convertible preferred stock warrants (as converted)

 

 

 

 

 

27,534

 

Common stock warrant

 

 

170,587

 

 

 

931