| 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:
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Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2015 |
|
2014 |
|
2015 |
|
2014 |
Income (loss) attributable to common stock - basic: |
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|
|
|
|
|
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 |
|
|
|
|
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|
|
|
|
Income (loss) attributable to common stock - diluted: |
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|
|
|
|
|
|
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: |
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|
|
|
|
|
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 |
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|
|
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|
|
|
|
Income (loss) per share - basic: |
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|
|
|
|
|
|
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.
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Three Months Ended
June 30, |
|
Six Months Ended
June 30, |
|
2015 |
|
2014 |
|
2015 |
|
2014 |
Convertible preferred stock: |
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|
|
|
|
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 |
|
|
— |
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|