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Net Loss Attributable to Common Stockholders (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Schedule of Net Income Attributable to Common Stockholders

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

 

 

 

Year ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Net loss

 

$

(3,710,812

)

 

$

(37,339,017

)

 

$

(21,687,155

)

Preferred stock dividends on Series B and Series C

 

 

 

 

 

(11,286,193

)

 

 

(8,595,504

)

Additional loss attributable to common stockholders upon conversion of Series C Preferred Stock into common stock

 

 

 

 

 

(82,654,683

)

 

 

 

Net loss attributable to common stockholders

 

$

(3,710,812

)

 

$

(131,279,893

)

 

$

(30,282,659

)

 

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:

 

 

Year ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

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

 

 

 

 

 

 

 

 

7,713,455

 

Service Period Stock Options

 

 

1,991,209

 

 

 

1,220,739

 

 

 

1,092,604

 

Warrants

 

 

61,117

 

 

 

61,117

 

 

 

61,117

 

Total

 

 

2,052,326

 

 

 

1,281,856

 

 

 

8,867,176