Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies and Estimates (Tables)

v3.3.1.900
Summary of Significant Accounting Policies and Estimates (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of basic and diluted net income (loss) per share
Basic net loss per share of common stock is computed using the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted average number of common stock, adjusted to include conversion of certain stock options and warrants for common stock during the period, as follows:
 
 
 
Years ended December 31,
 
 
 
2015
 
2014
 
2013
 
Numerator:
 
 
 
 
 
 
 
 
 
 
Net loss applicable to common stockholders
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(24,245)
 
$
(33,769)
 
$
(11,887)
 
Adjustment for gain on fair value of warrant liability
 
 
(2,505)
 
 
-
 
 
-
 
Diluted
 
$
(26,750)
 
$
(33,769)
 
$
(11,887)
 
 
 
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
 
 
 
Weighted-average number of shares for basic net loss per share
 
 
102,241
 
 
78,264
 
 
20,977
 
Effect of dilutive shares
 
 
24
 
 
-
 
 
-
 
Weighted-average number of shares for dilutive net loss per share
 
 
102,265
 
 
78,264
 
 
20,977
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per share
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.24)
 
$
(0.43)
 
$
(0.57)
 
Diluted
 
$
(0.26)
 
$
(0.43)
 
$
(0.57)
 
Schedule of Antidilutive Securities
The following potential dilutive securities were excluded from the computation of diluted net loss per share because including them would have been anti-dilutive:
 
 
 
Years ended December 31,
 
 
 
2015
 
2014
 
2013
 
Options to purchase common stock
 
 
13,743
 
 
10,791
 
 
7,555
 
Warrants for common stock
 
 
13,745
 
 
13,796
 
 
1,389
 
Common stock issuable upon conversion of preferred shares
 
 
13,131
 
 
-
 
 
-
 
Total common stock equivalents
 
 
40,619
 
 
24,587
 
 
8,944