Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Common Share

v2.4.1.9
Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Net Loss Per Common Share
7. Net Loss Per Common Share
 
Basic net loss per share is calculated by dividing the net loss by the weighted-average number of shares of Common Stock outstanding during the period, without consideration for Common Stock equivalents. Diluted net loss per share is computed by dividing the net loss by the weighted-average number of Common Stock and Common Stock equivalents outstanding for the period.
   
A calculation of basic and diluted net loss per share follows:
 
($ in thousands except share and per share amounts)
 
For the three months ended
March 31,
 
 
 
2015
 
2014
 
Net loss
 
$
(12,056)
 
$
(7,370)
 
Weighted-average common stock outstanding—for basic and diluted net loss per share
 
 
38,574,702
 
 
35,900,596
 
Basic and diluted net loss per share attributed to the Common Stockholders
 
$
(0.31)
 
$
(0.21)
 
 
Included in Common Stock issued and outstanding as of March 31, 2015 are 7,704,269 shares of unvested restricted stock, which is excluded from the average weighted Common Stock outstanding since its effect would be anti-dilutive.
 
The Company’s potential dilutive securities which consist of unvested restricted stock, options, and warrants have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average Common Stock outstanding used to calculate both basic and diluted net loss per share is the same.
 
The following shares of potentially dilutive securities have been excluded from the computations of diluted weighted average shares outstanding, as the effect of including such securities would be anti-dilutive:
 
 
 
For the three months ended March 31,
 
 
 
2015
 
2014
 
Warrants to purchase Common Stock
 
 
685,061
 
 
711,895
 
Options to purchase Common Stock
 
 
2,157,699
 
 
2,583,812
 
Unvested Restricted Stock
 
 
6,584,943
 
 
5,009,512
 
Unvested Restricted Stock Units
 
 
2,722
 
 
—
 
 
 
 
9,430,425
 
 
8,305,219