| Net Income (Loss) Per Share |
13. Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
|
|
Three months ended September 30,
|
|
|
Nine months ended September 30, |
|
|
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
| Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net profit (loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
$ |
(5,185 |
) |
|
$ |
12,024 |
|
|
$ |
(14,945 |
) |
|
$ |
(13,614 |
) |
| Adjustment for change in fair value of warrant liability |
|
|
- |
|
|
|
(15,773 |
) |
|
|
- |
|
|
|
- |
|
| Diluted |
|
$ |
(5,185 |
) |
|
$ |
(3,749 |
) |
|
$ |
(14,945 |
) |
|
$ |
(13,614 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted-average common shares outstanding used in computing basic and diluted net income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic |
|
|
102,239,868 |
|
|
|
78,513,144 |
|
|
|
102,043,392 |
|
|
|
74,943,169 |
|
| Dilutive effect of warrants |
|
|
- |
|
|
|
750,653 |
|
|
|
- |
|
|
|
- |
|
| Dilutive effect of stock options |
|
|
- |
|
|
|
4,072,574 |
|
|
|
- |
|
|
|
- |
|
| Diluted |
|
|
102,239,868 |
|
|
|
83,336,371 |
|
|
|
102,043,392 |
|
|
|
74,943,169 |
|
| Net income (loss) per share, basic |
|
$ |
(0.05 |
) |
|
$ |
0.15 |
|
|
$ |
(0.15 |
) |
|
$ |
(0.18 |
) |
| Net income (loss per share, diluted |
|
$ |
(0.05 |
) |
|
$ |
(0.04 |
) |
|
$
|
(0.15 |
) |
|
$ |
(0.18 |
) |
The following table sets forth potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:
|
|
Three months ended
September 30,
|
|
|
Nine months ended
September 30,
|
|
|
|
2015 |
|
|
2014 |
|
|
2015 |
|
|
2014 |
|
| Options to purchase common stock |
|
|
12,822,374 |
|
|
|
- |
|
|
|
12,822,374 |
|
|
|
3,724,529 |
|
| Warrants |
|
|
13,744,441 |
|
|
|
- |
|
|
|
13,744,441 |
|
|
|
8,407,084 |
|
| Total common stock equivalents |
|
|
26,566,815 |
|
|
|
- |
|
|
|
26,566,815 |
|
|
|
12,131,613 |
|
|