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Net Loss Attributable to Common Stockholders (Tables)
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities

The potentially dilutive securities excluded from the determination of diluted loss per share, as their effect is antidilutive, are as follows:

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Convertible Preferred Series C (on an as-if converted basis)

 

 

 

 

 

9,234,560

 

 

 

 

 

 

8,967,953

 

Service Period Stock Options

 

 

1,980,651

 

 

 

1,082,000

 

 

 

2,000,929

 

 

 

1,082,285

 

Warrants

 

 

61,117

 

 

 

61,117

 

 

 

61,117

 

 

 

61,117

 

Total

 

 

2,041,768

 

 

 

10,377,677

 

 

 

2,062,046

 

 

 

10,111,355

 

 

Schedule of Net Income Attributable to Common Stockholders

The computation of net income attributable to common stockholders is as follows:

 

 

 

Three months ended

 

 

Nine months ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net loss

 

$

(1,675,350

)

 

$

(9,483,241

)

 

$

(6,491,074

)

 

$

(20,892,267

)

Preferred stock dividends on Series B and Series C*

 

 

 

 

 

(2,897,014

)

 

 

 

 

 

(9,744,704

)

Net loss attributable to common stockholders

 

$

(1,675,350

)

 

$

(12,380,255

)

 

$

(6,491,074

)

 

$

(30,636,971

)

* See Note 7 for further detail.