Net (Loss) Income Per Share (Tables)

6 Months Ended

Jun. 30, 2015

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