XML 46 R14.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Net Loss Per Common Share | 6 Months Ended
--- | ---
Jun. 30, 2014
Earnings Per Share [Abstract] |
Net Loss Per Common Share | Net Loss Per Common Share Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution that could occur if stock options, warrants, and convertible securities were exercised or converted into common stock. Diluted loss per share equals basic loss per share as the effect of including dilutive securities in the calculation would be antidilutive. 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 | )
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 |

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + 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 (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration