Loss Per Common Share (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Basic and Diluted 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

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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