Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

Net Loss per Share
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Net Loss per Share

The Company calculates basic and diluted net loss per share using the weighted-average number of shares of common stock outstanding during the period.


When the Company is in a net loss position, it excludes from the calculation of diluted net loss per share all potentially dilutive stock options, preferred stock and warrants, and the diluted net loss per share is the same as the basic net loss per share for such periods. If the Company was to be in a net income position, the weighted average number of shares used to calculate the diluted net income per share would include the potential dilutive effect of in-the-money securities, as determined using the treasury stock method.


The table below presents, the potentially dilutive securities that would have been included in the calculation of diluted net loss per share if they were not antidilutive for the periods presented.


    As of June 30,  
    2017     2016  
Stock options     2,896,984       632,310  
Restricted stock awards     107,240       212,689  
Preferred stock     5,965,148       2,792,190  
Common stock warrants     2,073,415       1,199,505  
Total     11,042,787       4,836,694