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Net Loss Per Share
 12 Months Ended
Dec. 31, 2015
Net Loss Per Share [Abstract]  
Net Loss Per Share

14. Net Loss per Share 

 

The following is a reconciliation of the numerator (net loss) and the denominator (number of shares) used in the basic and diluted earnings per share calculations:

 

 

 

 

 

 

 

 

 

 

 

2015

 

2014

 

Numerator:

 

 

 

 

 

 

 

Numerator for basic EPS

 

$

 (7,352,775)

 

$

 (5,202,441)

 

Numerator for diluted EPS

 

$

 (7,352,775)

 

$

 (5,202,441)

 

Denominator:

 

 

 

 

 

 

 

Denominator for basic EPS—weighted average shares

 

 

 21,113,203 

 

 

 19,945,038 

 

Denominator for diluted EPS

 

 

 21,113,203 

 

 

 19,945,038 

 

Basic EPS

 

$

 (0.35)

 

$

 (0.26)

 

Diluted EPS

 

$

 (0.35)

 

$

 (0.26)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table sets forth the number of common shares that were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive as follows:

 

 

 

 

 

 

 

 

December 31,

 

 

2015

  

2014

Shares issuable upon vesting/exercise of:

 

 

  

 

Options to purchase common stock

 

 706,494 

  

 487,146 

Restricted stock units

 

 752,008 

  

 697,751 

Warrants

 

 2,120,365 

  

 2,197,883 

 

 

 3,578,867 

  

 3,382,780