Quarterly report pursuant to Section 13 or 15(d)

Net Income (Loss) Per Share

v3.2.0.727
Net Income (Loss) Per Share
6 Months Ended
Jun. 30, 2015
Net Income (Loss) Per Share [Abstract]  
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 June 30,
  Six months ended June 30,
  2015     2014   2015   2014
Numerator:               
Net income (loss)  



 





Basic   $ (5,645 )   $ 56,128     $ (9,760 )   $ (25,638 )
Adjustment for change in fair value of warrant liability      -       (60,458 )     -       -  
Diluted    $ (5,645 )   $ (4,330 )   $ (9,760 )   $ (25,638 )
                                 
Denominator:                        
Weighted-average common shares outstanding used in computing basic and diluted net income (loss) per share


                   
Basic     102,094,158       78,497,558       101,944,359       72,688,073  
Dilutive effect of warrants      -       9,593,643       -       -  
Dilutive effect of stock options     -       6,681,210       -       -  
Diluted     102,094,158       94,772,411       101,944,359       72,688,073  
Net income (loss) per share, basic     (0.06 )     0.72     (0.10     (0.35 )
Net loss per share, diluted     (0.06 )     (0.05 )     (0.10 )     (0.35 )

 

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 June 30,
  Six months ended June 30,  
  2015     2014   2015     2014  
Options to purchase common stock     13,227,092       -   13,227,092       7,073,652  
Warrants to purchase common stock     13,747,161       -   13,747,161       14,546,085  
Total common stock equivalents     26,974,253       -       26,974,253       21,619,737