| Net Loss Attributable to Common Stockholders |
| 3. |
NET LOSS ATTRIBUTABLE TO COMMON
STOCKHOLDERS |
Net loss attributable to common stockholders
The following table summarizes the computation of basic and diluted
net loss per share attributable to common stockholders of the
Company:
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
|
|
|
|
|
Net (loss) income and comprehensive (loss) income
|
|
$ |
(2,136,559 |
) |
|
$ |
401,773 |
|
|
Accretion of preferred stock
|
|
|
— |
|
|
|
(191,568 |
) |
|
Allocation of undistributed earnings to preferred stockholders
|
|
|
— |
|
|
|
(223,442 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders – basic
|
|
$ |
(2,136,559 |
) |
|
$ |
(13,237 |
) |
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders – basic
|
|
|
(2,136,559 |
) |
|
|
(13,237 |
) |
|
Less: change in fair value of derivative liabilities
|
|
|
— |
|
|
|
(1,759,915 |
) |
|
|
|
|
|
|
|
|
|
|
Net loss available to common stockholders – diluted
|
|
$ |
(2,136,559 |
) |
|
$ |
(1,773,152 |
) |
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares – basic
|
|
|
6,667,519 |
|
|
|
327,365 |
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares – basic
|
|
|
6,667,519 |
|
|
|
327,365 |
|
|
Warrants to purchase preferred stock (treasury stock)
|
|
|
— |
|
|
|
111,610 |
|
|
|
|
|
|
|
|
|
|
|
Total weighted average number of common shares – diluted
|
|
|
6,667,519 |
|
|
|
438,975 |
|
|
|
|
|
|
|
|
|
|
|
Net loss per share:
|
|
|
|
|
|
|
|
|
|
Basic
|
|
$ |
(0.32 |
) |
|
$ |
(0.04 |
) |
|
Diluted
|
|
$ |
(0.32 |
) |
|
$ |
(4.04 |
) |
|
|
|
|
|
|
|
|
|
The following potentially dilutive securities outstanding, prior to
use of the treasury stock method or if-converted method, have been
excluded from the computation of diluted weighted-average shares
outstanding, because such securities had an antidilutive
impact:
|
|
|
|
|
|
|
|
|
| |
|
Three Months ended
March 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
|
|
|
Options to purchase common stock
|
|
|
874,032 |
|
|
|
609,842 |
|
|
Preferred Stock
|
|
|
— |
|
|
|
303,567 |
|
|
Convertible note payable-related parties
|
|
|
— |
|
|
|
3,810 |
|
|
Warrants to purchase common stock
|
|
|
1,384,608 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
Total of common stock equivalents
|
|
|
2,258,640 |
|
|
|
917,219 |
|
|
|
|
|
|
|
|
|
|
For the three months ended March 31, 2014, the Company corrected on
a prospective basis its calculation of weighted average common
shares on a diluted basis from what the Company had disclosed
previously for the same period. The prospective modification
reflects a change to the Stock options (treasury stock) from 4,851
shares to no shares which also resulted in a change to the diluted
net loss per share from ($4.00) to ($4.04).
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