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Net Loss Attributable to Common Stockholders (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
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:

 

     Years ended December 31,  
     2015      2014  

Numerator:

     

Basic

     

Net loss

   $ (12,090,287    $ (5,187,259

Accretion of preferred stock

     —           (333,082

Deemed dividend

     —           (4,053,570
  

 

 

    

 

 

 

Net loss attributable to common stockholders – basic

   $ (12,090,287    $ (9,573,911
  

 

 

    

 

 

 

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
  

 

 

    

 

 

 

Denominator:

     

Basic

     

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   
  

 

 

    

 

 

 

Total weighted average number of common shares – diluted

     8,633,897         3,850,612   
  

 

 

    

 

 

 

Net loss per share:

     

Basic

   $ (1.40    $ (2.51
  

 

 

    

 

 

 

Diluted

   $ (1.40    $ (3.09
  

 

 

    

 

 

 
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:

 

     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   
  

 

 

    

 

 

 

Total of common stock equivalents

     2,461,938         934,032