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Net Income (Loss) Per Common Share | 6 Months Ended
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Jun. 30, 2016
Earnings Per Share [Abstract] |
Net Income (Loss) Per Common Share | Net Income (Loss) Per Common Share Basic earnings per share are 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. 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,
| 2016 |  | 2015 |  | 2016 |  | 2015
Numerator: |  |  |  |  |  |  |
Net income (loss) | $ | (2,854,784 | ) |  | $ | (1,509,446 | ) |  | $ | (6,906,179 | ) |  | $ | (220,332 | )
Preferred stock dividends | — |  |  | (965,164 | ) |  | — |  |  | (1,883,996 | )
Net income (loss) available to common shareholders | $ | (2,854,784 | ) |  | $ | (2,474,610 | ) |  | $ | (6,906,179 | ) |  | $ | (2,104,328 | )
Denominator: |  |  |  |  |  |  |
Basic weighted average shares outstanding | 176,737,416 |  |  | 82,540,600 |  |  | 170,075,960 |  |  | 82,515,428 |
Effect of dilutive securities | — |  |  | — |  |  | — |  |  | — |
Diluted weighted average shares outstanding | 176,737,416 |  |  | 82,540,600 |  |  | 170,075,960 |  |  | 82,515,428 |
Net income (loss) per common share: |  |  |  |  |  |  |
Basic | $ | (0.02 | ) |  | $ | (0.03 | ) |  | $ | (0.04 | ) |  | $ | (0.03 | )
Diluted | $ | (0.02 | ) |  | $ | (0.03 | ) |  | $ | (0.04 | ) |  | $ | (0.03 | )
The following table includes the number of common stock equivalent shares that are not included in the computation of diluted income and (loss) per share, because the inclusion of such shares would be anti-dilutive or certain performance conditions have not been achieved.
| June 30,
| 2016 |  | 2015
Convertible preferred stock | — |  |  | 53,608,855 |
Stock options and warrants | 50,000 |  |  | 50,000 |
Restricted stock | 1,444,000 |  |  | 1,796,600 |
| 1,494,000 |  |  | 55,455,455 |

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