Net Loss Per Common Share

Basic and diluted net loss per common share is calculated as follows (in thousands, except share and per share data):



	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
Numerator:
Net loss	$	(4,532	)	$	(17,173	)	$	(18,703	)	$	(49,022	)
Less: net loss attributable to noncontrolling interest	458			539			2,073			1,920
Net loss attributable to On Deck Capital, Inc. common stockholders	$	(4,074	)	$	(16,634	)	$	(16,630	)	$	(47,102	)
Denominator:
Weighted-average common shares outstanding, basic and diluted	73,272,085			70,971,895			72,613,221			70,750,037
Net loss per common share, basic and diluted	$	(0.06	)	$	(0.23	)	$	(0.23	)	$	(0.67	)

Diluted loss per common share is the same as basic loss per common share for all periods presented because the effects of potentially dilutive items were anti-dilutive given our net losses. The following common share equivalent securities have been excluded from the calculation of weighted-average common shares outstanding because the effect is anti-dilutive for the periods presented:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2017	2016	2017	2016
Anti-Dilutive Common Share Equivalents
Warrants to purchase common stock	22,000	22,000	22,000	22,000
Restricted stock units	3,528,871	4,225,480	3,528,871	4,225,480
Stock options	8,227,736	11,997,551	8,227,736	11,997,551
Employee stock purchase program	34,820	40,706	34,820	40,706
Total anti-dilutive common share equivalents	11,813,427	16,285,737	11,813,427	16,285,737

The weighted-average exercise price for warrants to purchase 2,007,846 shares of common stock was $10.70 as of September 30, 2017. For the three months and nine months ended September 30, 2017, and 2016 a warrant to purchase 1,985,846 and 2,206,496 shares of common stock, respectively, was excluded from anti-dilutive common share equivalents as performance conditions had not been met.