Net Loss per Share

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Net Loss per Share

Note 10. Net Loss Per Share

Net loss per share is computed by dividing the net loss by the weighted-average number of shares of common stock or common stock equivalents outstanding. The numerator and the denominator used in computing both basic and diluted net loss per share for each period are the same. 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 September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net loss	$	(5,380,846	)	$	(6,488,442	)	$	(17,038,022	)	$	(20,366,469	)
Denominator:
Weighted-average shares outstanding-basic and diluted		11,603,617			7,053,010			9,794,651			6,985,924
Net loss per share, basic and diluted	$	(0.46	)	$	(0.92	)	$	(1.74	)	$	(2.92	)

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:

	Nine Months Ended September 30,
	2017		2016
Options to purchase common stock		1,532,979		1,200,644
Common stock warrant		219,723		219,723
Restricted stock units		34,999		350,499