Annual report pursuant to Section 13 and 15(d)

3. Loss per Share (Tables)

v3.6.0.2
3. Loss per Share (Tables)
12 Months Ended
Dec. 31, 2016
Loss Per Share Tables  
Computation of basic and diluted net loss per share

      Year Ended December 31,
        2016     2015
Numerator              
Net loss     $ (11,753,414)   $ (8,229,825)
Undeclared dividends on Series A-1, A-2 and A-4 Convertible Preferred Stock       (404,706)     (403,600)
Dividends declared on Series B-2 Convertible Preferred Stock       (1,983,301)     (1,174,620)
Gain on nominal warrants             (1,930,083)
Net loss attributable to common stockholders     $ (14,141,421)   $ (11,738,128)
               
Denominator              
Basic and diluted weighted average common shares outstanding       15,406,184     8,873,766
               
Loss per share              
Basic and diluted     $ (0.92)   $ (0.92)

Shares excluded from the calculation of diluted earnings per share
  For the Year Ended December 31,  
  2016   2015  
Warrants 2,902,862   3,011,760  
Convertible preferred stock 2,628,389   3,825,942  
Stock options 2,183,723   1,158,251  
  7,714,974   7,995,953