Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share of Common Stock

Net Loss Per Share of Common Stock

9 Months Ended

Sep. 30, 2016

7. Net Loss Per Share of Common Stock

Diluted net loss per share is the same as basic net loss per share for all periods presented because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss. Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding.

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


	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net loss applicable to common stockholders	$	(10,530,584	)	$	(5,564,520	)	$	(29,132,768	)	$	(17,532,623	)
Weighted average shares of common stock outstanding		37,446,087			25,080,838			30,833,362			22,199,992

Net loss per share of common stock—basic and diluted	$	(0.28	)	$	(0.22	)	$	(0.94	)	$	(0.79	)

The following potentially dilutive securities outstanding at September 30, 2016 and 2015 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:


	September 30,
	2016		2015
Options to purchase common stock		4,677,371		4,094,540
Warrants to purchase common stock		27,336,507		16,911,472

		32,013,878		21,006,012