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Net (Loss) Income per Common Share | 12 Months Ended
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Dec. 31, 2015
Net (Loss) Income per Common Share [Abstract] |
Net (Loss) Income per Common Share | 5. Net (Loss) Income per Common Share The following table sets forth the computation of basic and diluted net (loss) income per share for the periods indicated (refer to Note 3 – Significant Accounting Policies for more information regarding the December 31, 2014 restatement):
| Year Ended December 31, 2015 |  | Year Ended December 31, 2014
| Net loss (Numerator) |  | Shares (Denominator) |  | Per share amount |  | Net income (loss) (Numerator) |  | Shares (Denominator) |  | Per share amount
Basic net (loss) income per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) income and share amounts | $ | (516,000) |  |  | 5,411,204 |  |  |  |  | $ | 23,109,000 |  |  | 3,746,639 |  |  |
Accretion of Series B redeemable convertible preferred stock |  | (10,278,000) |  |  | - |  |  |  |  |  | (1,285,000) |  |  | - |  |  |
Net (loss) income attributable to common stockholders |  | (10,794,000) |  |  | 5,411,204 |  |  |  |  |  | 21,824,000 |  |  | 3,746,639 |  |  |
Adjustment related to preferred stockholders' participation in the Company's undistributed earnings |  | - |  |  | - |  |  |  |  |  | (6,067,000) |  |  | - |  |  |
Basic (loss) income per share - restated for the year ended December 31, 2014 | $ | (10,794,000) |  |  | 5,411,204 |  | $ | (1.99) |  | $ | 15,757,000 |  |  | 3,746,639 |  | $ | 4.21
Diluted net loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accretion of Series B redeemable convertible preferred stock |  | - |  |  | - |  |  |  |  |  | 1,285,000 |  |  | - |  |  |
Adjustment related to preferred stockholders' participation in the Company's undistributed earnings |  | - |  |  | - |  |  |  |  |  | 6,067,000 |  |  | - |  |  |
Change in fair value of Series B stock derivative liability |  | - |  |  | - |  |  |  |  |  | (27,760,000) |  |  | - |  |  |
Dilutive shares related to Series B |  | - |  |  | - |  |  |  |  |  | - |  |  | 1,748,288 |  |  |
Change in fair value of warrant liability related to dilutive warrants |  | - |  |  | - |  |  |  |  |  | (9,066,000) |  |  | - |  |  |
Dilutive shares related to warrants |  | - |  |  | - |  |  |  |  |  | - |  |  | 391,803 |  |  |
Net loss attributable to common stockholders - diluted - restated for the year ended December 31, 2014 | $ | (10,794,000) |  |  | 5,411,204 |  | $ | (1.99) |  | $ | (13,717,000) |  |  | 5,886,730 |  | $ | (2.33)
The following outstanding securities at December 31, 2015 and 2014 have been excluded from the computation of diluted weighted shares outstanding for the years ended December 31, 2015 and 2014, as they would have been anti-dilutive:
|  | December 31,
|  |  |  | 2014
|  | 2015 |  | (restated)
Options |  |  | 669,769 |  |  | 440,695
Series B redeemable convertible preferred stock |  |  | 7,527,853 |  |  | -
Warrants |  |  | 656,211 |  |  | 167,711

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