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Net loss per share (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The detail of the computation of basic and diluted earnings per share is as follows:

 

     DECEMBER 31,
2014
     DECEMBER 31,
2013
     DECEMBER 31,
2012
 

Numerator

        

Net loss

   $ (24,027,016    $ (8,729,371    $ (7,714,198

Accretion for liquidation preference on preferred stock

     (1,132,893      (5,351,459      (3,860,140

Accretion for share issuance costs on preferred stock

     (19,551      (123,074      (168,702

Tax expense on preferred stock

     (100,291      (737,925      (394,908

Reversal of tax payable on preferred stock due to conversion of preferred stock

     1,897,702         —           —     

Extinguishment of remaining share issuance costs due to conversion of preferred stock

     (439,227      —           —     
  

 

 

    

 

 

    

 

 

 

Total loss attributable to common stockholders

$ (23,821,276 $ (14,941,829 $ (12,137,948
  

 

 

    

 

 

    

 

 

 

Denominator

Weighted average shares used to compute basic and diluted net loss per common share

  8,667,387      301,745      301,745   
  

 

 

    

 

 

    

 

 

 

Net loss per share attributable to common stockholders – basic and diluted

$ (2.75 $ (49.52 $ (40.23
  

 

 

    

 

 

    

 

 

 
Schedule of Antidilutive Securities Excluded from Computation of Basic and Diluted Net Loss Per Share

The following have been excluded from the computation of basic and diluted net loss per share as their effect would have been antidilutive:

 

     DECEMBER 31,
2014
     DECEMBER 31,
2013
     DECEMBER 31,
2012
 

Convertible preferred stock

     —           5,543,515         3,821,305   

Outstanding stock options

     824,608         628,754         551,584   

Common stock warrants

     11,363         11,363         —     
  

 

 

    

 

 

    

 

 

 

Total

  835,971      6,183,632      4,372,889