Loss Per Common Share

12 Months Ended

Dec. 31, 2016

3.	LOSS PER COMMON SHARE

Basic and diluted loss per common share are calculated as follows:


	For the Year Ended
	2016			2015
	(In thousands, except share and per share data
Numerator:
Net loss	$	(16,208	)	$	(32,024	)
Net Loss attributable to Series A Preferred Stock (a)		(2,345	)		—

Numerator for basic EPS—Earnings (loss) attributable to common stockholders		(13,863	)		(32,024	)

Effect of dilutive securities:
Deduct change in fair value of warrant liability		(17,507	)		—

Numerator for diluted EPS—Earnings (loss) attributable to common stockholders after assumed conversions	$	(31,370	)	$	(32,024	)

Denominator:
Weighted-average number of common shares used in earnings (loss) per share—basic		14,256,954			13,231,126
Effect of dilutive securities:
Nonparticipating warrants		132,238			—

Denominator for diluted EPS—adjusted weighted average shares		14,389,192			13,231,126

Earnings (loss) per share—basic	$	(0.97	)	$	(2.42	)

Earnings (loss) per share—diluted	$	(2.18	)	$	(2.42	)

(a)	The Series A Preferred Stock participates in income and losses

The following potentially dilutive securities have been excluded from the computation of diluted weighted-average shares outstanding, as they would be anti-dilutive (in common stock equivalent shares):


	As of December 31,
	2016		2015
Unvested restricted stock and options to purchase common stock		1,578,905		1,227,957
Series A preferred stock unconverted		5,962,817		—
Warrants exercisable into common stock		166,403		166,403