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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Basic and Dilutive Net Loss per Share Computations

The following is a reconciliation of the numerators and denominators of the basic and diluted net loss per share computations:

 

     Three months ended September 30,     Nine months ended September 30,  
     2016     2015     2016     2015  

Net loss

   $ (4,247,870   $ (9,642,647   $ (11,293,817   $ (27,455,062

Weighted average shares outstanding used to compute basic and diluted net loss per share

     13,972,198        9,039,863        11,829,390        7,592,238   

Basic and diluted net loss per share

   $ (0.30   $ (1.07   $ (0.95   $ (3.62
Schedule of Anti-dilutive Securities

The following outstanding potentially dilutive securities were excluded from the computation of diluted net loss per share because the effect would have been anti-dilutive as of September 30:

 

     2016      2015 *  

Options

     20,091         232,852   

Restricted stock units

     133,476         771,877   

Warrants

     1,142,772         3,689,821   
  

 

 

    

 

 

 

Total

     1,296,339         4,694,550   
  

 

 

    

 

 

 

 

* Adjusted for the 1-for-12 reverse stock split as discussed in Note 1.