Net Loss per Common Share

3 Months Ended

Mar. 31, 2017

Net Loss per Common Share [Abstract]

Net Loss 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:

	Three Months Ended
	March 31,
	2017		2016
Basic and diluted net loss per common share calculation:
Net loss	$	(3,246,000)	$	(3,112,000)
Accretion of Series B redeemable convertible preferred stock		-		(1,725,000)
Net loss attributable to common stockholders - basic & diluted	$	(3,246,000)	$	(4,837,000)
Weighted average common shares outstanding - basic & diluted		1,677,497		588,350
Net loss per share of common stock - basic & diluted	$	(1.94)	$	(8.22)

The following outstanding securities at March 31, 2017 and 2016 have been excluded from the computation of diluted weighted average shares outstanding for the three months ended March 31, 2017 and 2016, as they would have been anti-dilutive:

	Three Months Ended
	March 31,
	2017		2016
Options		120,360	87,297
Warrants		775,137	137,964
Series B redeemable convertible preferred stock		-	752,785
Total		895,497	978,046