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Nature of Operations and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Jun. 30, 2013
Accounting Policies [Abstract]  
Potentially Dilutive Common Shares

For the three and nine months ended June 30, 2013 and 2012, the following potentially dilutive common shares were excluded from the earnings per share calculation, as they would have been antidilutive:

 

     Three Months Ended
June 30,
     Nine Months Ended
June 30,
 
     2013      2012      2013      2012  

Stock options

     2,670,743         3,600,865         2,670,743         3,600,865   

Restricted stock units

     671,254         464,168         671,254         464,168   

Warrants

     6,667         6,667         6,667         6,667   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total potentially dilutive common shares outstanding

     3,348,664         4,071,700         3,348,664         4,071,700
Computation of Basic and Diluted Loss Per Share

The computation of basic and diluted loss per share is as follows:

 

     Three Months Ended
June 30,
    Nine Months Ended
June 30,
 
     2013     2012     2013     2012  

Net loss

   $ (2,052,059   $ (2,008,887   $ (5,804,976   $ (4,829,969
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding - basic

     27,109,787        25,613,698        26,534,357        24,980,253   
  

 

 

   

 

 

   

 

 

   

 

 

 

Effect of dilutive common share equivalents

     —          —          —          —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares and share equivalents outstanding - diluted

     27,109,787        25,613,698        26,534,357        24,980,253   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share - basic

   $ (0.08   $ (0.08   $ (0.22   $ (0.19
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss per share - diluted

   $ (0.08   $ (0.08   $ (0.22   $ (0.19
  

 

 

   

 

 

   

 

 

   

 

 

 
Components of Comprehensive Loss
The following table summarizes the components of comprehensive loss:

 

     Three Months Ended
June 30,
    Nine Months Ended
June 30,
 
     2013     2012     2013     2012  

Net loss

   $ (2,052,059   $ (2,008,887   $ (5,804,976   $ (4,829,969

Other comprehensive loss:

        

Change in unrealized gains (losses) on marketable securities

     (5,481 )     (1,072 )     (2,945 )     8,977  
  

 

 

   

 

 

   

 

 

   

 

 

 

Total comprehensive loss

   $ (2,057,540   $ (2,009,959   $ (5,807,921   $ (4,820,992