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Loss Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2015
Loss Per Share of Common Stock  
Schedule of computation of diluted net loss per share

 

 

 

 

 

 

 

 

Three Months Ended March 31, 

 

 

2014

    

2015

 

Numerator:

 

 

 

 

 

 

Net loss

$

(5,334,067)

 

$

(12,682,982)

 

Less: income from change in fair value of warrant liability

 

(285,021)

 

 

(32,623)

 

Numerator for diluted net loss per common share

$

(5,619,088)

 

$

(12,715,605)

 

Denominator:

 

 

 

 

 

 

Basic weighted average common shares outstanding

 

22,249,474 

 

 

22,814,142 

 

Dilutive common shares from assumed warrant exercises

 

71,999 

 

 

43,872 

 

Diluted weighted average shares of common stock outstanding

 

22,321,473 

 

 

22,858,014 

 

Diluted net loss per share of common stock

$

(0.25)

 

$

(0.56)

 

 

Schedule of potentially dilutive securities outstanding that have been excluded from the computation of diluted weighted average shares outstanding, as they would be antidilutive

 

 

 

 

 

 

 

March 31,

 

    

2014

    

2015

Warrants

 

2,696 

 

23,747 

Stock options

 

3,166,976 

 

3,650,605 

Unvested restricted stock

 

48,408 

 

450,000 

Common shares issuable upon conversion of the 8% Notes

 

 —

 

7,137,031 

 

 

3,218,080 

 

11,261,383