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Net loss per share
3 Months Ended
Mar. 31, 2014
Net loss per share  
Net loss per share

7.                                      Net loss per share

 

Basic earnings per share is computed by dividing net loss available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings per share is computed by dividing net income (loss) available to common stockholders by the weighted-average number of common shares plus the effect of dilutive potential common shares outstanding during the period.

 

The following tables set forth the computation of basic and diluted net loss per share for common stockholders:

 

 

 

Three months ended March 31,

 

 

 

2014

 

2013

 

Numerator

 

 

 

 

 

Net loss

 

$

(14,098

)

$

(14,684

)

Deemed dividend

 

 

(18,249

)

Gain on exchange of convertible preferred stock in connection with recapitalization

 

 

3,391

 

Net loss attributable to common stockholders

 

$

(14,098

)

$

(29,542

)

Denominator

 

 

 

 

 

Denominator for basic and diluted net loss per share

 

24,492,487

 

4,526

 

Net loss per share:

 

 

 

 

 

Basic and diluted

 

$

(0.58

)*

$

(6,527.30

)*

 

*                                         In the three months ended March 31, 2014 and 2013, the Company experienced a net loss and therefore did not report any dilutive share impact.

 

The following table shows historical dilutive common share equivalents outstanding, which are not included in the above historical calculation, as the effect of their inclusion is anti-dilutive during each period.

 

 

 

As of March 31,

 

 

 

2014

 

2013

 

Stock Options

 

3,133,830

 

46,642

 

Unvested restricted stock

 

748,456

 

735,324

 

Total

 

3,882,286

 

781,966