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Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Numerator and Denominator Used in Computing Basic and Diluted Net Loss per Share

The following table provides 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,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(5,840,902

)

 

$

(6,851,603

)

 

$

(11,657,176

)

 

$

(13,878,027

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares outstanding-basic and diluted

 

 

9,769,322

 

 

 

7,018,502

 

 

 

8,875,177

 

 

 

6,952,012

 

Net loss per share, basic and diluted

 

$

(0.60

)

 

$

(0.98

)

 

$

(1.31

)

 

$

(2.00

)

 

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,

 

 

 

2017

 

 

2016

 

Options to purchase common stock

 

 

1,436,978

 

 

 

1,055,831

 

Common stock warrant

 

 

219,723

 

 

 

219,723

 

Restricted stock units

 

 

208,999

 

 

 

24,999