Annual report pursuant to Section 13 and 15(d)

3. Loss per Share

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3. Loss per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
3. Loss per Share

Basic and diluted loss per share is computed by dividing (i) loss available to common stockholders, by (ii) the weighted-average number of shares of common stock outstanding during the period.

 

The following table sets forth the computation of the Company’s basic and diluted net loss per share during the years ended December 31, 2016 and 2015:

 

    Year Ended December 31,  
    2016     2015  
Numerator            
Net loss   $ (32,613,687 )   $ (35,962,506 )
Preferred stock dividends           (1,627,188 )
Net loss attributable to common stockholders   $ (32,613,687 )   $ (37,589,694 )
Denominator                
Basic and diluted weighted average common shares outstanding     1,080,934       415,517  
Loss per share                
Basic and diluted   $ (30.17 )   $ (90.46 )

 

For the years ended December 31, 2016 and 2015, the following outstanding securities were excluded from the calculation of diluted earnings per common share because of their anti-dilutive effects:

 

    For the Year Ended December 31,  
    2016     2015  
Warrants     1,407,647       229,952  
Convertible preferred stock     3,726,667       384,680  
Convertible debt     1,427,954       35,814  
Stock options     709,025       60,756  
      7,271,293       711,202