Annual report pursuant to Section 13 and 15(d)

Net Loss per Share of Common Stock

v3.3.1.900
Net Loss per Share of Common Stock
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Net Loss per Share of Common Stock

11. Net Loss per Share of Common Stock

Potentially dilutive securities are excluded from the calculation of diluted net loss per share of common stock if their inclusion is anti-dilutive.

The following table shows the weighted-average outstanding securities considered anti-dilutive and therefore excluded from the computation of diluted net loss per share (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Common stock options and RSUs

 

 

11,011

 

 

 

6,666

 

 

 

7,087

 

Warrants for common stock

 

 

19,210

 

 

 

2,073

 

 

 

15,839

 

Total

 

 

30,221

 

 

 

8,739

 

 

 

22,926

 

 

The following is a reconciliation of the numerators and denominators used in calculating basic and diluted net loss per share of common stock (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2015

 

 

2014

 

 

2013

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(20,606

)

 

$

(38,301

)

 

$

(124,058

)

Basic

 

 

 

 

 

 

 

 

 

 

 

 

Adjustment for revaluation of contingent warrant

   liabilities

 

 

 

 

 

(39,512

)

 

 

 

Diluted

 

$

(20,606

)

 

$

(77,813

)

 

$

(124,058

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding used for basic net

   loss per share

 

 

117,803

 

 

 

107,435

 

 

 

86,938

 

Effect of dilutive warrants

 

 

 

 

 

7,898

 

 

 

 

Weighted average shares outstanding and dilutive

   securities used for diluted net loss per share

 

 

117,803

 

 

 

115,333

 

 

 

86,938