Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share

Net Loss per Share

6 Months Ended

Jun. 30, 2016

The Company accounts for and discloses net loss per common share in accordance with FASB ASC Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding (which includes the common share equivalents of the outstanding Series B preferred shares prior to their conversion to common stock in March 2015). Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants.

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 three months ended June 30				For the six months ended June 30
	2016		2015		2016		2015
Options to purchase common stock		43,051		23,414		43,059		23,414
Warrants to purchase common stock		1,350		3,826		1,242		8,380
Total		44,401		27,240		44,301		31,794