Basic and Diluted Net Loss Per Share

9 Months Ended

Sep. 30, 2016

(10) Basic and Diluted Net Loss per Share

Basic net loss per common share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share of common stock is computed by giving effect to all potential dilutive shares of common stock. Basic and diluted net loss per share of common stock were the same for all periods presented as the impact of all potentially dilutive securities outstanding was anti-dilutive.

The following common equivalent shares were excluded from the diluted net loss per share calculation because their inclusion would have been anti-dilutive:

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Stock options		1,846,853		1,827,157		1,846,853		1,827,157
Series A-1 preferred stock warrants		—		130,384		—		130,384
Convertible preferred stock		—		8,354,963		—		8,354,963
Total		1,846,853		10,312,504		1,846,853		10,312,504

The Company is required to reserve and keep available from the Company’s authorized but unissued shares of common stock a number of shares equal to the number of shares subject to outstanding awards under the 2008 Plan and the number of shares reserved for issuance under each of the 2016 Plan and 2016 ESPP.