Annual report pursuant to Section 13 and 15(d)

Net Loss per Share (Tables)

v3.7.0.1
Net Loss per Share (Tables)
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Net Loss Per Share

The following table sets forth the computation of basic and diluted net loss per share (amounts in thousands, except per share amounts):

 

    For the year ended:  
    2016     2015     2014  
Numerator:                        
Net loss attributable to common shareholders   $ (74,874 )   $ (50,122 )   $ (99 )
Adjustment for change in fair value of derivative liability     (2,603 )     -       (2,228 )
Net loss attributable to common shareholders, as adjusted   $ (77,477 )   $ (50,122 )   $ (2,327 )
                         
Denominator:                        
Weighted average shares outstanding used to compute net loss per share:                        
Basic     705,529       630,316       326,779  
Adjustment for dilutive effects of warrants     471       -       954  
Diluted     706,000       630,316       327,733  
                         
Net loss per share                        
Basic   $ (0.11 )   $ (0.08 )   $ (0.00 )
Diluted   $ (0.11 )   $ (0.08 )   $ (0.01 )

Schedule of Antidilutive Securities Excluded from Calculations of Net Loss Per Share

The following table sets forth the number of potential common shares excluded from the calculations of net loss per diluted share because their inclusion would be anti-dilutive (in thousands):

 

    For the year ended
December 31,
 
    2016     2015     2014  
Options to purchase common stock     24,351       43,071       19,600  
Warrants to purchase common stock     -       8,280       16,669  
Total     24,351       51,351       36,269