Quarterly report pursuant to Section 13 or 15(d)

Net Loss Per Share (Tables)

v3.2.0.727
Net Loss Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Summary of Computation of Basic and Diluted Net Income (Loss) Per Share
The following table summarizes the computation of basic and diluted net loss per share attributable to the Company’s common stockholders:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Income (loss) attributable to common stock - basic:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
(6,492
)
 
$
1,671

 
$
(12,423
)
 
$
1,403

Deemed dividend for beneficial conversion feature on Series D-2 Preferred

 

 

 
(909
)
Deemed dividend for antidilution adjustments to convertible preferred stock

 

 

 
(214
)
Accretion of convertible preferred stock

 

 

 
(510
)
Allocation of net income to convertible preferred stockholders

 
(262
)
 

 
(303
)
Income (loss) from continuing operations attributable to common stock - basic
(6,492
)
 
1,409

 
(12,423
)
 
(533
)
Income (loss) from discontinued operations attributable to common stock - basic
(3,005
)
 
562

 
(3,458
)
 
1,242

Net income (loss) attributable to common stock - basic
$
(9,497
)
 
$
1,971

 
$
(15,881
)
 
$
709

 
 
 
 
 
 
 
 
Income (loss) attributable to common stock - diluted:
 
 
 
 
 
 
 
Income (loss) from continuing operations attributable to common stock - basic
$
(6,492
)
 
$
1,409

 
$
(12,423
)
 
$
(533
)
Derivative fair value adjustment

 
(7,297
)
 

 
(10,080
)
Loss from continuing operations attributable to common stock - diluted
(6,492
)
 
(5,888
)
 
(12,423
)
 
(10,613
)
Loss from discontinued operations attributable to common stock - diluted
(3,005
)
 
562

 
(3,458
)
 
1,242

Net income (loss) attributable to common stock - diluted
$
(9,497
)
 
$
(5,326
)
 
$
(15,881
)
 
$
(9,371
)
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding:
 
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
12,249,487

 
5,181,174

 
10,393,289

 
2,771,020

Allocation of common stock warrants as participating securities

 
273,197

 

 
273,709

Weighted-average common shares outstanding - diluted
12,249,487

 
5,454,371

 
10,393,289

 
3,044,729

 
 
 
 
 
 
 
 
Income (loss) per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
(0.53
)
 
$
0.27

 
$
(1.20
)
 
$
(0.19
)
Discontinued operations
(0.25
)
 
0.11

 
(0.33
)
 
0.45

Net income (loss) per share - basic
$
(0.78
)
 
$
0.38

 
$
(1.53
)
 
$
0.26

Income (loss) per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
(0.53
)
 
$
(1.08
)
 
$
(1.20
)
 
$
(3.49
)
Discontinued operations
(0.25
)
 
0.10

 
(0.33
)
 
0.41

Net income (loss) per share - diluted
$
(0.78
)
 
$
(0.98
)
 
$
(1.53
)
 
$
(3.08
)
Summary of Antidilutive Securities Excluded from Computation of Weighted Average Common Stock Outstanding
The following securities, presented on a common stock equivalent basis, have been excluded from the calculation of weighted average common shares outstanding because their effect is anti-dilutive.
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2015
 
2014
 
2015
 
2014
Convertible preferred stock:
 
 
 
 
 
 
 
Series A Preferred

 
6,149

 

 
6,149

Series B Preferred

 
131,685

 

 
131,685

Series C Preferred

 
783,515

 

 
783,515

Series C-2 Preferred

 
173,213

 

 
173,213

Series D-1 Preferred

 
296,773

 

 
296,773

Series D-2 Preferred

 
300,549

 

 
300,549

Series C-1 Preferred warrants
14,033

 
14,033

 
14,033

 
14,033

Stock options
1,153,369

 
215,467

 
1,153,369

 
215,467

ESPP
7,298

 

 
7,298