Series A Redeemable Convertible Preferred Stock (Tables)

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Embedded Derivative Instruments Rollforward

The fair value of these derivative instruments and the loss (gain) recorded on the change in the fair value of these derivative instruments, which was included in “Interest and other income (loss), net” within the consolidated statement of operations, for the three months ended March 31, 2016 and 2015, are as follows:

	Three Months Ended March 31,
	2016		2015
Beginning Balance	$	82,024	$	137,171
Total loss (gain) recognized in earnings	51,205		(28,133		)
Ending Balance	$	133,229	$	109,038

Reconciliation of net (loss) income attributable to common stockholders

The following represents a reconciliation of net (loss) income attributable to common stockholders for the three months ended March 31, 2016 and 2015:

	Three Months Ended March 31,
	2016			2015
Net (loss) income	$	(4,296,612	)	$	5,262,379
Effects of Series A redeemable convertible preferred stock:
Less: Series A redeemable convertible preferred stock dividends	192,608			190,786
Less: Accretion to redemption value of Series A redeemable convertible preferred stock	163,669			137,417
Net (loss) income attributable to common stockholders	$	(4,652,889	)	$	4,934,176