Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Of Common Stock, Basic And Diluted

Net Loss Per Share Of Common Stock, Basic And Diluted

9 Months Ended

Sep. 30, 2016

NET LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED

NET LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED

3. Net Loss Per Share of Common Stock, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per share of common stock for the three and nine months ended September 30, 2016 and 2015:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Net loss per share, basic and diluted calculation:	2016		2015		2016		2015
Net loss	$	(6,168,725)	$	(691,081)	$	(14,832,899)	$	(6,841,545)
Weighted-average common shares outstanding		8,756,393		649,721		8,685,818		649,721
Net loss per share, basic and diluted	$	(0.70)	$	(1.06)	$	(1.71)	$	(10.53)

The following outstanding securities at September 30, 2016 and 2015 have been excluded from the computation of diluted weighted-average shares outstanding, as they would have been anti‑dilutive:


	September 30,	September 30,
	2016	2015
Series A convertible preferred stock	—	31,116,391
Series A-1 convertible preferred stock	—	9,074,511
Series B convertible preferred stock	—	58,948,735
Stock options	1,828,441	510,884
Warrants on common stock	7,400,934	681,858
Warrants on preferred stock	—	625,208
Investor rights obligation	—	53,351,117
Underwriters' unit purchase option	40,000	—