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Net Loss Per Share (Tables)
9 Months Ended
Sep. 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 for the periods presented:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,157,663

)

 

$

(3,307,329

)

 

$

(15,698,139

)

 

$

(9,819,746

)

Accretion of stock issuance costs

 

 

 

 

 

(19,488

)

 

 

(35,046

)

 

 

(71,175

)

Accretion of discount on Series E warrants

 

 

 

 

 

(94,893

)

 

 

(127,616

)

 

 

(251,893

)

Series E and D, Convertible Preferred Stock

   dividends

 

 

 

 

 

(837,225

)

 

 

(1,165,932

)

 

 

(2,405,987

)

Net loss attributable to common stockholders

 

$

(5,157,663

)

 

$

(4,258,935

)

 

$

(17,026,733

)

 

$

(12,548,801

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding

   -basic and diluted

 

 

6,829,687

 

 

 

96,486

 

 

 

3,735,852

 

 

 

96,446

 

Net loss per share attributable to common stockholders,

   basic and diluted

 

$

(0.76

)

 

$

(44.14

)

 

$

(4.56

)

 

$

(130.11

)

 

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

The following outstanding options, warrants and Convertible 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:

 

 

 

Three and Nine Months Ended September 30,

 

 

 

2015

 

 

2014

 

Options to purchase common stock

 

 

590,139

 

 

 

542,435

 

Restricted stock units

 

 

27,500

 

 

 

 

Convertible Preferred Stock (as converted)

 

 

 

 

 

2,353,166

 

Convertible Preferred Stock warrants (as converted)

 

 

 

 

 

51,863

 

Common stock warrant

 

 

170,587

 

 

 

931