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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
Accounting Policies [Abstract]  
Schedule of Short-term Investment

Short-term investments at March 31, 2017 consist of the following:

 

 

 

Cost

Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

22,313

 

 

$

 

 

$

 

 

$

22,313

 

Agency bonds

 

 

5,912

 

 

 

 

 

 

(6

)

 

 

5,906

 

United States Treasury securities

 

 

61,279

 

 

 

 

 

 

(66

)

 

 

61,213

 

 

 

$

89,504

 

 

$

 

 

$

(72

)

 

$

89,432

 

 

Short-term investments at December 31, 2016 consist of the following:

 

 

 

Cost

Basis

 

 

Unrealized

Gains

 

 

Unrealized

Losses

 

 

Fair

Value

 

Current:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Certificates of deposit

 

$

22,046

 

 

$

 

 

$

 

 

$

22,046

 

Agency bonds

 

 

5,917

 

 

 

 

 

 

(4

)

 

 

5,913

 

United States Treasury securities

 

 

68,766

 

 

 

1

 

 

 

(51

)

 

 

68,716

 

 

 

$

96,729

 

 

$

1

 

 

$

(55

)

 

$

96,675

 

 

Schedule of Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted EPS attributable to the Company’s common stockholders:

 

 

 

For the Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Numerator:

 

 

 

 

 

 

 

 

Net loss applicable to common stockholders

 

$

(10,670

)

 

$

(10,068

)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

   and diluted

 

 

26,986,318

 

 

 

26,423,394

 

Net loss per share applicable to common

   stockholders - basic and diluted

 

$

(0.40

)

 

$

(0.38

)

 

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common stock equivalents were excluded from the calculation of diluted net loss per share for the periods indicated as including them would have an anti-dilutive effect:

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Shares issuable upon conversion of the 2021 Convertible

   Notes

 

 

6,483,791

 

 

 

 

Warrants exerciseable for common stock

 

 

56,408

 

 

 

56,408

 

Stock options

 

 

2,571,819

 

 

 

2,400,177

 

Restricted Stock Units

 

 

1,341,000

 

 

 

 

Total

 

 

10,453,018

 

 

 

2,456,585