Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Common Share

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Net Loss per Common Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Net Loss Per Common Share
14. Net Loss per Common Share
 
Basic net loss per share is calculated by dividing net loss by the weighted-average number of shares of common stock outstanding for the period, without consideration for common stock equivalents. Diluted net loss per share is computed by dividing net loss by the weighted-average number of common stock and common stock equivalents outstanding for the period.
 
The Company’s common stock equivalents, including 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 at the end of the three months ended March 31, 2017 and 2016:
 
 
 
For the Three Months Ended March 31,
 
 
 
2017
 
2016
 
Warrants to purchase Common Stock
 
 
383,453
 
 
544,835
 
Opus warrants to purchase Common Stock
 
 
1,860,000
 
 
-
 
Options to purchase Common Stock
 
 
1,105,502
 
 
1,779,365
 
Unvested Restricted Stock
 
 
9,912,161
 
 
7,922,021
 
Unvested Restricted Stock Units
 
 
1,249,232
 
 
885,083
 
Total
 
 
14,510,348
 
 
11,131,304