Computation of Basic and Diluted Net Loss per Share 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:
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Years ended December 31, |
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2015 |
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|
2014 |
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Numerator:
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Basic
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|
|
|
|
|
|
|
Net loss
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|
$ |
(12,090,287 |
) |
|
$ |
(5,187,259 |
) |
Accretion of preferred stock
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|
|
— |
|
|
|
(333,082 |
) |
Deemed dividend
|
|
|
— |
|
|
|
(4,053,570 |
) |
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders – basic
|
|
$ |
(12,090,287 |
) |
|
$ |
(9,573,911 |
) |
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|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
Net loss attributable to common stockholders – basic
|
|
|
(12,090,287 |
) |
|
|
(9,573,911 |
) |
Less: change in fair value of derivative liabilities
|
|
|
— |
|
|
|
(2,327,502 |
) |
|
|
|
|
|
|
|
|
|
Net loss available to common stockholders – diluted
|
|
$ |
(12,090,287 |
) |
|
$ |
(11,901,413 |
) |
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|
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|
Denominator:
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|
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Basic
|
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|
|
|
|
|
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|
Weighted-average number of common shares – basic
|
|
|
8,633,897 |
|
|
|
3,818,157 |
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
Weighted-average number of common shares – basic
|
|
|
8,633,897 |
|
|
|
3,818,157 |
|
Warrants (treasury stock)
|
|
|
— |
|
|
|
32,455 |
|
|
|
|
|
|
|
|
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|
Total weighted average number of common shares – diluted
|
|
|
8,633,897 |
|
|
|
3,850,612 |
|
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|
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|
|
|
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|
Net loss per share:
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|
|
|
|
|
|
|
Basic
|
|
$ |
(1.40 |
) |
|
$ |
(2.51 |
) |
|
|
|
|
|
|
|
|
|
Diluted
|
|
$ |
(1.40 |
) |
|
$ |
(3.09 |
) |
|
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|
|
|
|
|
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|
Computation of Diluted Weighted-Average Shares Outstanding |
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:
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Years ended December 31, |
|
|
|
2015 |
|
|
2014 |
|
Options to purchase common stock
|
|
|
1,077,330 |
|
|
|
874,032 |
|
Warrants to purchase common stock
|
|
|
1,384,608 |
|
|
|
60,000 |
|
|
|
|
|
|
|
|
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|
Total of common stock equivalents
|
|
|
2,461,938 |
|
|
|
934,032 |
|
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|