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Net Loss Per Share
12 Months Ended
Dec. 31, 2016
Net Loss Per Share  
Net Loss Per Share

12. Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (in thousands, except share and per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2016

    

2015

    

2014

Numerator:

 

 

  

 

 

  

 

 

  

Net loss

 

$

(16,708)

 

$

(18,183)

 

$

(10,183)

Denominator:

 

 

  

 

 

  

 

 

  

Weighted-average common shares outstanding

 

 

5,117,226

 

 

3,013,743

 

 

2,635,621

Less: weighted-average unvested common shares subjected to repurchase

 

 

(378,730)

 

 

(461,538)

 

 

(91,043)

Weighted-average common shares outstanding used to calculate net loss per common share, basic and diluted

 

 

4,738,496

 

 

2,552,205

 

 

2,544,578

Net loss per common share, basic and diluted

 

$

(3.53)

 

$

(7.12)

 

$

(4.00)

 

The following outstanding shares of potentially dilutive securities have been excluded from diluted net loss per common share for the periods presented, because their inclusion would be anti-dilutive:

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

2016

    

2015

 

2014

Redeemable convertible preferred stock on an as-converted basis

 

 —

 

2,486,199

 

2,486,199

Options to purchase common stock

 

1,414,730

 

927,175

 

852,639

Common stock subject to repurchase

 

211,538

 

461,538

 

461,538

Redeemable convertible preferred stock warrants on an as-converted basis

 

 —

 

27,690

 

9,229

Common stock warrants

 

27,690

 

 —

 

 —

Total

 

1,653,958

 

3,902,602

 

3,809,605