Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Of Common Stock, Basic And Diluted

v3.7.0.1
Net Loss Per Share Of Common Stock, Basic And Diluted
 6 Months Ended
Jun. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock, Basic and Diluted
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 six months ended June 30, 2017 and 2016:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
Net loss per share, basic and diluted calculation:
 
2017
 
2016
 
2017
 
2016
Net loss
 
$
(1,798,515
)
 
$
(3,524,160
)
 
$
(3,759,152
)
 
$
(8,664,174
)
Weighted-average common shares outstanding
 
13,265,877

 
8,650,143

 
11,697,535

 
8,650,143

Net loss per share, basic and diluted
 
$
(0.14
)
 
$
(0.41
)
 
$
(0.32
)
 
$
(1.00
)


 
The following outstanding securities at June 30, 2017 and 2016 have been excluded from the computation of diluted weighted-average shares outstanding, as they are potentially anti‑dilutive:
 
 
June 30,
2017
 
June 30,
2016
Stock options
 
2,198,630

 
1,450,952

Warrants on common stock
 
19,001,143

 
7,400,934

Underwriters' unit purchase option
 
40,000

 
40,000

Convertible preferred shares
 
11,940,000

 
—



Subsequent to June 30, 2017, the convertible preferred shares shown in the table above were converted into 11,940,000 shares of common stock as described in Note 8.