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Basis of Presentation and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2016
Accounting Policies [Abstract]  
Schedule of Antidilutive Securities Excluded from the Calculation of Basic and Diluted Loss Per Share
Shares used in calculating diluted net loss per common share exclude as anti-dilutive the following share equivalents:
 
 
December 31,
 
2016
 
2015
 
2014
Options to purchase Common Stock
5,528,628

 
6,948,630

 
4,913,472

Warrants to purchase Common stock
4,538,606

 
4,565,947

 
5,251,660

Restricted Stock Units
272,000

 

 

Series A Convertible Preferred Stock
63,125

 
63,125

 
63,125

 
10,402,359

 
11,577,702

 
10,228,257

Summary of the Company’s Diluted Net Loss Per Share
The following table summarizes the Company’s diluted net loss per share:
 
 
December 31,
 
2016
 
2015
 
2014
Numerator:
 

 
 

 
 

Net loss attributable to common stockholders
$
(39,227,959
)
 
$
(27,495,334
)
 
$
(14,348,499
)
Adjustment for gain from change in fair value of derivative financial instruments—warrants
(2,321,053
)
 
(4,396,061
)
 
(2,422,337
)
Net loss used for diluted loss per share
$
(41,549,012
)
 
$
(31,891,395
)
 
$
(16,770,836
)
 
 
 
 
 
 
Denominator:
 

 
 

 
 

Weighted-average shares used to compute basic net loss per share
30,174,838

 
26,201,713

 
18,904,280

Adjustments to reflect assumed exercise of warrants
106,425

 
250,452

 
166,832

Weighted-average shares used to compute diluted net loss per share
30,281,263

 
26,452,165

 
19,071,112

 
 
 
 
 
 
Net loss per share diluted
$
(1.37
)
 
$
(1.21
)
 
$
(0.88
)