Basic and diluted net loss per share information is presented under the requirements of ASC Topic 260, Earnings per Share. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding for the period, less shares subject to repurchase. Diluted net loss per share reflects the potential dilution of securities by adding other common stock equivalents, including stock options, shares subject to repurchase, warrants and convertible notes in the weighted-average number of common shares outstanding for a period, if dilutive. As of March 31, 2016, there were warrants and options to purchase 3,365 shares of common stock and the Company 6;s outstanding convertible debt is convertible into approximately 8,095,224 shares of common stock. These amounts are not included in the computation of dilutive loss per share because their impact is antidilutive.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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