Net Loss Per Share

3 Months Ended

Mar. 31, 2017

12. Net Loss Per Share

The Company computes basic and diluted net loss per share using a methodology that gives effect to the impact of outstanding participating securities (the “two-class method”). As the three months ended March 31, 2017 and 2016 resulted in net losses attributable to common shareholders, there is no income allocation required under the two-class method or dilution attributed to weighted average shares outstanding in the calculation of diluted net loss per share.

The following potentially dilutive securities outstanding prior to the use of the treasury stock method have been excluded from the computation of diluted weighted-average shares outstanding, as they would be anti-dilutive.


	As of March 31,
	2017		2016
Options to purchase common stock		3,003,785		3,061,119
Warrants to purchase common stock		3,284,440		3,284,440
Settlement of term loan		85,251		85,251