Annual report pursuant to Section 13 and 15(d)

Net Loss Per Share

v3.6.0.2
Net Loss Per Share
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Note 2. Net Loss Per Share

Basic net loss per share is computed using the weighted-average number of common shares outstanding during the period except that it does not include unvested common shares subject to repurchase or cancellation. Diluted net income per share is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares consist of the incremental common shares issuable upon the exercise of stock options, warrants, restricted shares, and unvested common shares subject to repurchase or cancellation. The dilutive effect of outstanding stock options, restricted shares, restricted stock units, and warrants is not reflected in diluted earnings per share because we incurred net losses for the years ended December 31, 2016 and 2015, and the effect of including these potential common shares in the net loss per share calculations would be anti-dilutive and are therefore not included in the calculations.

 

Loss per-share amounts for all periods have been retroactively adjusted to reflect the Company’s 1-for-5 reverse stock split, which was effective July 20, 2016.

 

The following table sets forth the computation of the basic and diluted loss per share (rounded in millions except shares outstanding and per share amounts):

 

    2016     2015  
             
Numerator:            
Net loss attributable to common stockholders   $ (7.0 )   $ (4.3 )
Denominator:                
Weighted-average common shares outstanding     4,728,943       3,647,860  
Basic and diluted net loss per share   $ (1.48 )   $ (1.18 )