| Computation of Basic and Diluted Net Losses Per Common Share |
The table below presents the computation of basic and diluted net losses per common share: | | | Year ended December 31, | | Cumulative from June 8, 2011
(Inception) through | | | | | 2013 | | 2012 | | December 31, 2013 | | | Basic Numerator: | | | | | | | | | | | | Loss from continuing operations attributable to shares of
common stock | | $ | (41,748) | | $ | (18,409) | | $ | (62,911) | | | Loss from discontinued operations attributable to shares of
common stock | | $ | (10,685) | | $ | (2,432) | | $ | (13,117) | | | Net loss attributable to shares of common stock | | $ | (52,433) | | $ | (20,841) | | $ | (76,028) | | | Basic Denominator: | | | | | | | | | | | | Weighted average number of shares of common stock outstanding
during the period | | | 83,097,667 | | | 38,949,305 | | | 50,004,601 | | | Weighted average number of penny stock options | | | 104,024 | | | 161,871 | | | 100,872 | | | Basic common stock share outstanding | | | 83,201,691 | | | 39,111,176 | | | 50,105,473 | | | Basic loss per common stock share from continuing
operations | | $ | (0.50) | | $ | (0.47) | | $ | (1.26) | | | Basic loss per common stock share from discontinued
operations | | $ | (0.13) | | $ | (0.06) | | $ | (0.26) | | | Basic net loss per common stock share | | $ | (0.63) | | $ | (0.53) | | $ | (1.52) | | | | | | | | | | | | | | | Diluted Numerator: | | | | | | | | | | | | Net loss attributable to shares of common stock | | $ | (41,748) | | $ | (18,409) | | $ | (62,911) | | | Increase in net loss attributable to derivative warrants | | $ | (59) | | $ | (4,701) | | $ | (3,336) | | | Diluted net loss from continuing operations attributable to
shares of common stock | | $ | (41,807) | | $ | (23,110) | | $ | (66,247) | | | Diluted net loss from discontinued operations attributable to
shares of common stock | | $ | (10,685) | | $ | (2,432) | | $ | (13,117) | | | Diluted net loss attributable to shares of common stock | | $ | (52,492) | | $ | (25,542) | | $ | (79,364) | | | | | | | | | | | | | | | Diluted Denominator: | | | | | | | | | | | | Basic common stock share outstanding | | | 83,201,691 | | | 39,111,176 | | | 50,105,473 | | | Weighted average number of derivative warrants outstanding
during the period | | | 79,182 | | | 2,553,500 | | | 1,513,424 | | | Diluted common stock share outstanding | | | 83,280,873 | | | 41,664,676 | | | 51,618,897 | | | Diluted loss per common stock share from continuing
operations | | $ | (0.50) | | $ | (0.55) | | $ | (1.28) | | | Diluted loss per common stock share from discontinued
operations | | $ | (0.13) | | $ | (0.06) | | $ | (0.26) | | | Diluted net loss per common stock share | | $ | (0.63) | | $ | (0.61) | | $ | (1.54) | | | | | | | | | | | | | | | Net loss per share data presented excludes from the calculation of diluted net loss the following potentially
dilutive securities, as of December 31 of the applicable period, as they had an anti-dilutive impact: | | | Both vested and unvested options at $0.96-$5.50 exercise price, to
purchase an equal number of shares of common stock of
the Company | | | 10,407,157 | | | 8,942,929 | | | 10,407,157 | | | Unvested penny options to purchase an equal number of
shares of common stock of the Company | | | — | | | 14,125 | | | — | | | Unvested RSUs to issue an equal number of shares of common stock
of the Company | | | 2,161,402 | | | 3,125,000 | | | 2,161,402 | | | Common stock shares granted, but not yet vested | | | 30,046 | | | 92,903 | | | 30,046 | | | Warrants to purchase an equal number of shares of common stock
of the Company | | | 18,261,031 | | | 3,787,628 | | | 15,202,513 | | | Total number of potentially dilutive instruments, excluded
from the calculation of net loss per share: | | | 30,859,636 | | | 15,962,585 | | | 27,801,118 | |