Net Income (Loss) Per Share and Net Income (Loss) Attributable to Common Stockholders

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Net Income (Loss) Per Share and Net Income (Loss) Attributable to Common Stockholders

Net Income (Loss) Per Share and Net Income (Loss) Attributable to Common Stockholders

Earnings (loss) per share (EPS) is the amount of net income (loss) available to each share of common stock outstanding during the reporting period. Diluted EPS is the amount of net income (loss) available to each share of common stock outstanding during the reporting period, adjusted to include the effect of potentially dilutive common shares. Potentially dilutive common shares are excluded from the computation of diluted EPS in periods in which the effect would be antidilutive. Potentially dilutive common shares include incremental shares issued for stock options, convertible preferred stock and warrants to purchase common stock. In conjunction with the Company's Initial Public Offering (IPO) on December 11, 2014, all of its convertible preferred stock converted to common stock and all warrants to purchase convertible preferred stock were converted to warrants to purchase common stock.

The Company calculates EPS using the two-class method when applicable. The two-class method allocates net income that otherwise would have been available to common shareholders to holders of participating securities. All participating securities are excluded from basic weighted-average common shares outstanding. Prior to the Company's IPO, the Company considered all series of its convertible preferred stock to be participating securities. The Company had no participating securities as of September 30, 2015.

The following table details the computation of the basic and diluted net income (loss) per share:

	Three Months Ended    September 30,					Nine Months Ended   September 30,
	2015		2014			2015			2014
Net income (loss) (1)	$	950	$	(7,371	)	$	(9,564	)	$	(23,857	)
Weighted average common shares - Basic	375,982,120		59,844,394			373,605,274			57,958,838
Weighted average common shares - Diluted	401,934,880		59,844,394			373,605,274			57,958,838
Basic net income (loss) per share attributable to common stockholders	$	0.00	$	(0.12	)	$	(0.03	)	$	(0.41	)
Diluted net income (loss) per share attributable to common stockholders	$	0.00	$	(0.12	)	$	(0.03	)	$	(0.41	)

⁽¹⁾  Also represents net income (loss) available to common stockholders. In a period with net income, both earnings and dividends (if any) are allocated to participating securities. In a period with a net loss, only declared dividends (if any) are allocated to participating securities. There were no dividends declared in the first nine months of2015 or 2014.