| Basic and Diluted Income Per Share |
| |
|
Three
Months Ended March 31, |
|
| |
|
2016 |
|
|
2015 |
|
| Basic: |
|
|
|
|
|
|
|
|
| Numerator - net income (loss) available
to common stockholders |
|
$ |
(4,244,011 |
) |
|
|
483,959 |
|
| Denominator - weighted-average
shares outstanding |
|
|
14,816,586 |
|
|
|
11,937,530 |
|
| |
|
|
|
|
|
|
|
|
| Net
income (loss) per share - Basic |
|
$ |
(0.29 |
) |
|
$ |
0.04 |
|
| |
|
|
|
|
|
|
|
|
| Diluted: |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Net income (loss) available to common stockholders |
|
$ |
(4,244,011 |
) |
|
$ |
483,959 |
|
| Interest expense on convertible
debt, net of taxes |
|
|
– |
|
|
|
46,912 |
|
| |
|
|
(4,244,011 |
) |
|
|
530,871 |
|
| |
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding |
|
|
14,816,586 |
|
|
|
11,937,530 |
|
| Weighted-average equivalent shares options and
warrants |
|
|
– |
|
|
|
354,901 |
|
| Weighted-average equivalent shares from convertible
debt |
|
|
– |
|
|
|
409,638 |
|
| Weighted-average equivalent shares from Series
C convertible preferred stock |
|
|
– |
|
|
|
– |
|
| Weighted-average equivalent shares from Series
D convertible preferred stock |
|
|
– |
|
|
|
73,643 |
|
| Weighted-average equivalent
shares from Series E convertible preferred stock |
|
|
– |
|
|
|
33,623 |
|
| |
|
|
14,816,586 |
|
|
|
12,809,335 |
|
| |
|
|
|
|
|
|
|
|
| Net
income (loss) per share - Diluted |
|
$ |
(0.29 |
) |
|
$ |
0.04 |
|
|
| Antidilutive Securities |
| |
|
March 31, |
|
|
March 31, |
|
| |
|
2016 |
|
|
2015 |
|
| Stock options outstanding |
|
|
1,822,675 |
|
|
|
9,923,474 |
|
| Warrants outstanding |
|
|
6,898,560 |
|
|
|
– |
|
| Convertible debt |
|
|
8,791,343 |
|
|
|
– |
|
| Convertible preferred stock |
|
|
11,422,977 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| |
|
|
28,935,555 |
|
|
|
9,923,474 |
|
|