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Net Loss Per Common Share (Tables) | 6 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Reconciliation of Numerator and Denominator used in Basic and Diluted Computation of New Loss Per Share | The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net loss per share:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Numerator: |  |  |  |  |  |  |
Net loss | $ | (3,388,586 | ) |  | $ | (5,524,324 | ) |  | $ | (7,213,566 | ) |  | $ | (11,287,356 | )
Preferred stock dividends | (957,307 | ) |  | (1,029,735 | ) |  | (1,915,025 | ) |  | (2,064,042 | )
Loss available to common shareholders | $ | (4,345,893 | ) |  | $ | (6,554,059 | ) |  | $ | (9,128,591 | ) |  | $ | (13,351,398 | )
Denominator: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 76,592,200 |  |  | 57,443,706 |  |  | 74,192,028 |  |  | 54,571,012 |
Effect of dilutive securities | — |  |  | — |  |  | — |  |  | — |
Diluted weighted average shares outstanding | 76,592,200 |  |  | 57,443,706 |  |  | 74,192,028 |  |  | 54,571,012 |
Net loss per common share: |  |  |  |  |  |  |
Basic | $ | (0.06 | ) |  | $ | (0.11 | ) |  | $ | (0.12 | ) |  | $ | (0.24 | )
Diluted | $ | (0.06 | ) |  | $ | (0.11 | ) |  | $ | (0.12 | ) |  | $ | (0.24 | )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table includes the number of common stock equivalent shares that are not included in the computation of diluted loss per share, because the Company has a net loss and the inclusion of such shares would be antidilutive or certain performance conditions have not been achieved.
| June 30,
| 2014 |  | 2013
Convertible preferred stock | 53,820,370 |  |  | 57,992,307 |
Stock Options and Warrants | 583,500 |  |  | 883,500 |
Restricted stock | 1,796,600 |  |  | 4,237,000 |
| 56,200,470 |  |  | 63,112,807 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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