Net Loss Per Share

12 Months Ended

Dec. 31, 2016

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:

		Twelve months ended December 31,
		2016		2015
Net loss	$	(5,286,720)	$	(7,352,775)
Deemed dividend on convertible preferred stock		(6,145,402)		-
Cumulative dividend on convertible preferred stock		(368,152)		-
Net loss available to common stockholders	$	(11,800,274)	$	(7,352,775)
Weighted average shares used to compute basic and diluted net loss per share		21,807,634		21,113,203
Basic and diluted net loss per share	$	(0.54)	$	(0.35)

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,
	2016	2015
Shares issuable upon vesting/exercise of:
Options to purchase common stock	671,887	706,494
Series A Convertible Preferred Stock and Accumulated Dividends	37,335,618	-
Restricted stock units	1,167,099	752,008
Warrants	38,963,443	2,120,365
	78,138,047	3,578,867