Computation of Net Loss per Common Share |
The table below presents the computation of basic and diluted net loss per share of common stock: | | Three months ended June 30, | | Six months ended June 30, | | | | 2016 | | 2015 | | 2016 | | 2015 | | Basic Numerator: | | | | | | | | | | | | | | Loss from attributable to shares of common stock | | $ | (10,807) | | $ | (8,509) | | $ | (14,762) | | $ | (15,485) | | Net loss attributable to shares of common stock | | $ | (10,807) | | $ | (8,509) | | $ | (14,762) | | $ | (15,485) | | Basic Denominator: | | | | | | | | | | | | | | Weighted average number of shares of common stock outstanding during the period | | | 14,993,686 | | | 9,469,162 | | | 14,576,183 | | | 9,405,181 | | Basic common stock shares outstanding | | | 14,993,686 | | | 9,469,162 | | | 14,576,183 | | | 9,405,181 | | Basic net loss per common stock share | | $ | (0.72) | | $ | (0.90 ) | | $ | (1.01) | | $ | (1.65) | | | | | | | | | | | | | | | | Diluted Numerator: | | | | | | | | | | | | | | Net loss attributable to shares of common stock | | $ | (10,807) | | $ | (8,509) | | | (14,762) | | $ | (15,485) | | Increase in net loss attributable to derivative liabilities and interest expense | | | — | | | — | | | — | | | — | | Diluted net loss attributable to shares of common stock | | $ | (10,807) | | $ | (8,509) | | | (14,762) | | $ | (15,485) | | | | | | | | | | | | | | | | Diluted Denominator: | | | | | | | | | | | | | | Basic common stock shares outstanding | | | 14,993,686 | | | 9,469,162 | | | 14,576,183 | | | 9,405,181 | | Weighted average number of derivative liabilities in the money | | | — | | | — | | | — | | | — | | Diluted common stock shares outstanding | | | 14,993,686 | | | 9,469,162 | | | 14,576,183 | | | 9,405,181 | | Diluted net loss per common stock share | | $ | (0.72) | | $ | (0.90 ) | | | (1.01) | | $ | (1.65) | | | | | | | | | | | | | | | | Net loss per share data presented excludes from the calculation of diluted net loss the following potentially dilutive securities, as they had an anti-dilutive impact: | | | | | | | | | | | | | | Vested and unvested options outstanding to purchase an equal number of shares of common stock of the Company | | | 1,492,434 | | | 888,047 | | | 1,492,434 | | | 888,047 | | Unvested RSUs to issue an equal number of shares of common stock of the Company | | | 7,808 | | | 60,990 | | | 7,808 | | | 60,990 | | Warrants to purchase an equal number of shares of common stock of the Company | | | 1,006,679 | | | 956,679 | | | 1,006,679 | | | 956,679 | | Conversion feature of senior secured notes | | | — | | | 1,250,000 | | | 159,462 | | | 1,250,000 | | Total number of potentially dilutive instruments, excluded from the calculation of net loss per share | | | 2,506,921 | | | 3,155,716 | | | 2,666,383 | | | 3,155,716 | |
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