Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share Of Common Stock, Basic And Diluted

Net Loss Per Share Of Common Stock, Basic And Diluted

3 Months Ended

Mar. 31, 2016

NET LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED

NET LOSS PER SHARE OF COMMON STOCK, BASIC AND DILUTED

3. Net Loss Per Share of Common Stock, Basic and Diluted

The following table sets forth the computation of basic and diluted net loss per share of common stock for the three months ended March 31, 2016 and 2015:



	Three Months Ended March 31,
Net loss per share, basic and diluted calculation:	2016		2015
Net loss	$	(5,140,013)	$	(3,237,719)
Weighted-average common shares outstanding		8,650,143		649,721
Net loss per share, basic and diluted	$	(0.59)	$	(4.98)

The following outstanding securities at March, 31, 2016 and 2015 have been excluded from the computation of diluted weighted shares outstanding, as they would have been anti‑dilutive:


	March 31,	March 31,
	2016	2015
Series A convertible preferred stock	—	31,116,391
Series A-1 convertible preferred stock	—	9,074,511
Series B convertible preferred stock	—	58,948,735
Stock options	1,450,952	492,131
Warrants on common stock	7,400,934	681,858
Warrants on preferred stock	—	625,208
Investor rights obligation	—	53,351,117
Underwriters' unit purchase option	40,000	—