Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share Of Common Stock, Basic And Diluted (Tables)

Net Loss Per Share Of Common Stock, Basic And Diluted (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of the computation of basic and diluted net loss per share of Common Stock

The following table sets forth the computation of basic and diluted net loss per share of common stock for the years ended December 31, 2016, 2015 and 2014:



	Year ended December 31,
Net loss per share, basic and diluted calculation:	2016			2015			2014
Net loss	$	(16,471,603	)	$	(10,490,103	)	$	(16,055,591	)
Extinguishment upon modification of Series A and A-1 convertible preferred stock	—			—			12,534,438
Net loss attributable to common stockholders	$	(16,471,603	)	$	(10,490,103	)	$	(3,521,153	)
Weighted-average common shares outstanding	8,830,396			2,226,023			642,052
Net loss per share, basic and diluted	$	(1.87	)	$	(4.71	)	$	(5.48	)

Schedule of anti-dilutive securities excluded from computation of diluted weighted shares outstanding

The following outstanding securities at December, 31, 2016, 2015 and 2014 have been excluded from the computation of diluted weighted shares outstanding, as they would have been anti-dilutive:



	December 31,
	2016	2015	2014
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	1,849,359	959,188	552,726
Warrants on common stock	7,400,934	7,400,934	681,858
Warrants on preferred stock	—	—	625,208
Investor rights obligation	—	—	53,351,117
Underwriters' unit purchase option	40,000	40,000	—