Net (Loss) Income per Common Share

12 Months Ended

Dec. 31, 2016

Net (Loss) Income per Common Share [Abstract]

Net (Loss) Income per Common Share

5. Net Loss per Common Share

The following table sets forth the computation of basic and diluted net loss per common share for the periods indicated:

	Year Ended
	December 31,
	2016		2015
Basic and diluted net loss per common share calculation:
Net loss	$	(18,838,000)	$	(516,000)
Excess of fair value of consideration transferred on conversion of Series B redeemable convertible preferred stock		(3,580,000)		-
Accretion of Series B redeemable convertible preferred stock		(1,858,000)		(10,278,000)
Net loss attributable to common stockholders - basic & diluted	$	(24,276,000)	$	(10,794,000)
Weighted average common shares outstanding - basic & diluted		9,838,455		5,411,204
Net loss per share of common stock - basic & diluted	$	(2.47)	$	(1.99)

The weighted average number of common shares outstanding for the basic loss per share calculation for the year ended December 31, 2016 included 286,846 shares that the Company was obligated to issue under the provisions of the CSIA agreement (Note 10 ) as of December 31, 2016.

The following outstanding securities at December 31, 2016 and 2015 have been excluded from the computation of diluted weighted average shares outstanding for the years ended December 31, 2016 and 2015, as they would have been anti-dilutive:

	Year Ended
		December 31,
		2016	2015
Options		748,938	669,769
Warrants		7,751,376	656,211
Series B redeemable convertible preferred stock		-	7,527,853
Total		8,500,314	8,853,833