Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.4.0.3
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2016
Summary of Significant Accounting Policies  
Schedule of estimated useful lives of property, plant and equipment

 

Computer equipment

 

3 years

Laboratory equipment

 

5 years

Office equipment

 

5 years

Leasehold improvements

 

the expected duration of the lease

 

Schedule of numerator and denominator in the basic and diluted earnings/loss per share computation

The following table reconciles the numerator and denominator in the basic and diluted earnings/loss per share computation (in thousands):

 

 

 

for the three months ended
March 31,

 

 

 

2016

 

2015

 

Numerator for basic and diluted EPS

 

 

 

 

 

Net loss

 

$

(15,576

)

$

(1,945

)

Deemed dividend on convertible preferred shares

 

 

(6,434

)

 

 

 

 

 

 

Net loss available to ordinary shareholders

 

$

(15,576

)

$

(8,379

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic and diluted EPS

 

 

 

 

 

Weighted average number of shares used to calculate basic and diluted loss per share

 

424,711,900

 

181,370,100

 

 

Schedule of potentially dilutive equity instruments excluded from the diluted loss per share calculation

 

 

 

for the three months ended
March 31,

 

 

 

2016

 

2015

 

 

 

Number

 

Number

 

Share options

 

44,159,031 

 

29,951,662 

 

Preferred shares

 

 

175,841,800