Series A Redeemable Convertible Preferred Stock (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Embedded Derivative Instruments Rollforward

The fair value of these derivative instruments and the loss (gain) recorded on the change in the fair value of these derivative instruments, which was included in “Interest and other (loss) income, net” within the condensed consolidated statement of operations, for the three months ended September 30, 2016 and 2015, were as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016		2015			2016		2015
Beginning Balance	$	164,670	$	100,561		$	82,024	$	137,171
Total loss (gain) recognized in earnings	8,997		(40,868		)	91,643		(77,478		)
Ending Balance	$	173,667	$	59,693		$	173,667	$	59,693

Reconciliation of net (loss) income attributable to common stockholders

The following represents a reconciliation of net loss attributable to common stockholders for the three and nine months ended September 30, 2016 and 2015:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net (loss) income	$	(1,976,173	)	$	(2,581,939	)	$	(9,807,667	)	$	12,256
Effects of Series A redeemable convertible preferred stock:
Less: Series A redeemable convertible preferred stock dividends	194,012			190,786			581,986			568,476
Less: Accretion to redemption value of Series A redeemable convertible preferred stock	178,619			149,969			513,269			430,943
Net loss attributable to common stockholders	$	(2,348,804	)	$	(2,922,694	)	$	(10,902,922	)	$	(987,163	)