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Net (Loss) Income Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net (Loss) Income Per Share

The following tables set forth the computation of the Company’s basic and diluted net (loss) income per share (in thousands, except share and per share data):

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2015      2014      2015      2014  

Numerator:

           

Net (loss) income

   $ (3,185    $ 877       $ (5,457    $ (427

Add: interest expense related to subordinated convertible note, less gain on change in fair value of derivative related to subordinated convertible note

     —           15         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income attributable to common stockholders

   $ (3,185    $ 892       $ (5,457    $ (427
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator:

           

Weighted-average shares used to compute basic net (loss) income per common share

     11,835,405         1,013,128         11,824,993         1,012,769   

Effect of potentially dilutive securities:

           

Employee stock options

     —           381,434         —           —     

Convertible preferred stock

     —           5,355,280         —           —     

Subordinated convertible note

     —           189,726         —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted-average shares used to compute diluted net (loss) income per common share

     11,835,405         6,939,568         11,824,993         1,012,769   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income per share

           

Net (loss) income per common share - basic

   $ (0.27    $ 0.87       $ (0.46    $ (0.42
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income per common share - diluted

   $ (0.27    $ 0.13       $ (0.46    $ (0.42
  

 

 

    

 

 

    

 

 

    

 

Potentially Dilutive Securities Excluded from Diluted Net (Loss) Income Per Share

The following potentially dilutive securities have been excluded from diluted net (loss) income per share, because their effect would be antidilutive:

 

     Three Months Ended June 30,      Six Months Ended June 30,  
     2015      2014      2015      2014  

Shares of common stock subject to outstanding options

     1,515,154         469,163         1,515,154         907,318   

Shares of common stock subject to outstanding common stock warrants

     576,096         82,190         576,096         82,190   

Shares of common stock subject to conversion from preferred stock warrants

     —           541,613         —           541,613   

Subordinated convertible note

     —           —           —           233,311   

Convertible preferred stock

     —           —           —           6,048,220   

Restricted stock units

     112,800         —           112,800         —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Total common stock equivalents

     2,204,050         1,092,966         2,204,050         7,812,652