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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2015
NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and diluted net loss per share

Basic and diluted net loss per share were determined as follows:

 

(in thousands, except share and per share amounts)

 

  For the year ended December 31, 
  2015  2014 
       
Net loss allocable to common stockholders $(14,526) $(29,653)
         
Weighted average shares outstanding  27,597,434   1,942,905 
Basic and diluted net loss per common share $(0.53) $(15.26)
         
Net loss allocable to common stockholders $(14,526) $(29,653)
Antidilutive securities excluded from computation of earnings per share

We did not include the following securities in the table below in the computation of diluted net loss per common share because the securities were anti-dilutive during the periods presented:

 

  For the year ended December
31,
 
  2015  2014 
       
Warrants  3,799,024   4,164,756 
Stock options  2,324,084   210,134 
Total  6,123,108   4,374,890 
Stock-based compensation allocation

The following table summarizes stock-based compensation for the years ended December 31, 2015 and 2014 which was allocated as follows (in thousands):

 

  

Year ended

December 31, 2015

  

Year ended

December 31, 2014

 
Research and development $773  $104 
General and administrative  3,595   1,201 
Stock-based compensation expense included in operating expense  4,368   1,305 
         
Total stock-based compensation expense  4,368   1,305 
Tax benefit  -   - 
Stock-based compensation expense, net of tax $4,368  $1,305