XML 35 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loss Per Share (Tables)
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
Details in the computation of basic and diluted loss per share is as follows:
 
Three months ended  June 30,
 
Six months ended  June 30,
($ in thousands except share and per share data)
2017
 
2016
 
2017
 
2016
Loss per share - basic:
 

 
 

 
 
 
 
Net loss
$
(14,018
)
 
$
(8,092
)
 
$
(19,025
)
 
$
(9,499
)
Less: Dividend paid in-kind to preferred stockholders
(80
)
 
—

 
(100
)
 
—

Less: Deemed dividend on preferred stock
(136
)
 
—

 
(3,870
)
 
—

Net loss attributable to common stockholders - basic
$
(14,234
)
 
$
(8,092
)
 
$
(22,995
)
 
$
(9,499
)
 
 
 
 
 
 
 
 
Numerator for basic loss per share
$
(14,234
)
 
$
(8,092
)
 
$
(22,995
)
 
$
(9,499
)
Denominator for basic loss per share
14,695,970

 
14,632,988

 
14,695,296

 
14,632,988

Basic loss per common share
$
(0.97
)
 
$
(0.55
)
 
$
(1.56
)
 
$
(0.65
)
 
 
 
 
 
 
 
 
Loss per share - diluted:
 

 
 

 
 

 
 

Numerator for basic loss per share
$
(14,234
)
 
$
(8,092
)
 
$
(22,995
)
 
$
(9,499
)
Adjust: Warrant revaluation income for dilutive warrants
—

 
—

 
—

 
1,958

Net loss attributable to common stockholders - diluted
$
(14,234
)
 
$
(8,092
)
 
$
(22,995
)
 
$
(11,457
)
 
 
 
 
 
 
 
 
Denominator for basic loss per share
14,695,970

 
14,632,988

 
14,695,296

 
14,632,988

Plus: Incremental shares underlying dilutive “in the money” warrants outstanding
—

 
—

 
—

 
12,011

Denominator for diluted loss per share
14,695,970

 
14,632,988

 
14,695,296

 
14,644,999

Diluted net loss per common share
$
(0.97
)
 
$
(0.55
)
 
$
(1.56
)
 
$
(0.78
)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding, as their effect would be anti-dilutive: 
 
Three months ended  June 30,
 
Six months ended  June 30,
 
2017
 
2016
 
2017
 
2016
“In the money” stock options
239,611

 
72,000

 
196,765

 
181,834

“Out of the money” stock options
717,841

 
1,326,768

 
709,973

 
1,185,621

“In the money” warrants
46,430

 
—

 
46,430

 
—

“Out of the money” warrants
10,364,747

 
1,780,491

 
10,364,747

 
1,583,915

Shares underlying convertible notes
5,303,665

 
—

 
5,304,097

 
—

Shares underlying convertible accrued interest on convertible notes
175,850

 
—

 
175,864

 
—

Shares underlying convertible preferred stock
3,480,000

 
—

 
3,460,000

 
—