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Net Loss Per Share of Common Stock (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Loss Per Share

The following table sets forth the computation of basic and diluted loss per share for common stockholders:

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Net loss

$

(11,260,575

)

 

$

(8,423,289

)

 

$

(31,685,295

)

 

$

(21,641,308

)

Weighted average shares of

   common stock outstanding

 

40,880,359

 

 

 

34,806,263

 

 

 

37,676,686

 

 

 

30,393,293

 

Net loss per share of common

   stock – basic and diluted

$

(0.28

)

 

$

(0.24

)

 

$

(0.84

)

 

$

(0.71

)

 

Securities Excluded from Calculation of Weighted Average Shares Outstanding as their Effect is Antidilutive

 

The following securities outstanding at September 30, 2017 and 2016 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share is antidilutive:

 

 

September 30,

 

 

2017

 

 

2016

 

Common stock options

 

3,997,650

 

 

 

3,569,298

 

Restricted stock units

 

194,600

 

 

-

 

Common stock warrants

 

40,790

 

 

 

2,472,400