Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock (Tables)

Net Loss Per Share of Common Stock (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share for Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share for common stockholders:


     Three Months Ended June 30,      Six Months Ended June 30,  
     2015      2014      2015     2014  

Net loss applicable to common stockholders

   $ (7,116,340    $ (8,270,375    $ (11,968,103   $ (13,483,187

Weighted average shares of common stock outstanding

     21,244,276         1,011,997         20,735,695        1,011,997   













Net loss per share of common stock—basic and diluted

   $ (0.33    $ (8.17    $ (0.58   $ (13.32













Schedule of Antidilutive Securities Excluded from Computation of Diluted Weighted Average Shares Outstanding

The following potentially dilutive securities outstanding at June 30, 2015 and 2014 have been excluded from the computation of diluted weighted average shares outstanding, as they would have been anti-dilutive given the Company’s net loss:


     June 30,  
     2015      2014  

Preferred stock

     —          4,598,164   

Stock options

     4,076,322         2,813,997   

Class A Warrants

     6,880,333         —    

Class B Warrants

     3,436,966         —    

PIPE Warrants

     2,364,066         —    

Warrants (1)

     4,378,307         718,322   






     21,135,994         8,130,483   








(1) The potential dilutive impact of the Company’s Convertible Notes and related warrants are not included as of June 30, 2014 as the number of shares was not determinable at that time and would also have been anti-dilutive given the Company’s net loss. On the closing of the Company’s IPO on August 1, 2014, the Company determined the total number of shares of the Company’s common stock underlying the warrants held by purchasers of the Convertible Notes to be 3,321,416 at an exercise price of $3.00 per share.