XML 46 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2016
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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,851,603

)

 

$

(6,452,342

)

 

$

(13,878,027

)

 

$

(10,540,477

)

Accretion of stock issuance costs

 

 

 

 

 

(10,969

)

 

 

 

 

 

(35,046

)

Accretion of discount on Series E warrants

 

 

 

 

 

(40,146

)

 

 

 

 

 

(127,616

)

Series E and D, Convertible Preferred Stock dividends

 

 

 

 

 

(367,350

)

 

 

 

 

 

(1,165,932

)

Net loss attributable to common stockholders

 

$

(6,851,603

)

 

$

(6,870,807

)

 

$

(13,878,027

)

 

$

(11,869,071

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding-basic and

   diluted

 

 

7,018,502

 

 

 

3,973,055

 

 

 

6,952,012

 

 

 

2,163,295

 

Net loss per share attributable to common stockholders,

   basic and diluted

 

$

(0.98

)

 

$

(1.73

)

 

$

(2.00

)

 

$

(5.49

)

 

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

The following outstanding options and warrants 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,

 

 

 

2016

 

 

2015

 

Options to purchase common stock

 

 

1,055,831

 

 

 

610,090

 

Common stock warrant

 

 

219,723

 

 

 

170,587

 

Restricted stock units

 

 

24,999