XML 41 R16.htm IDEA: XBRL DOCUMENT v3.3.0.814
Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Computation of Basic and Diluted Net Income Per Common Share

Basic and diluted net loss per common share is computed as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

 

    

2015

 

2014

    

2015

 

2014

    

Net loss

 

$

(7,168,071)

 

$

(6,617,577)

 

$

(3,887,795)

 

$

(3,727,707)

 

Basic and diluted net loss per common share

 

$

(0.38)

 

$

(0.35)

 

$

(0.20)

 

$

(0.20)

 

Basic and diluted weighted average common shares outstanding

 

 

19,025,623

 

 

18,893,834

 

 

18,999,705

 

 

18,311,358

 

 

Potential Dilutive Securities Outstanding

The following potentially dilutive securities outstanding have been excluded from the computation of diluted weighted average shares outstanding, as they would be anti-dilutive:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

 

 

    

2015

    

2014

    

2015

    

2014

    

Warrants

 

590,595

 

634,227

 

590,595

 

634,227

 

Stock options and restricted stock units

 

2,250,008

 

1,803,652

 

2,250,008

 

1,803,652