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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Basic and Dilutive Net Loss per Share Computations

The following is a reconciliation of the numerators and denominators of the basic and diluted net loss per share computations:

 

     Three months ended June 30,     Six months ended June 30,  
     2016      2015     2016     2015  

Net Income (loss)

   $ 2,515,458       $ (8,461,714   $ (7,045,947   $ (17,812,415

Weighted average shares outstanding used to compute basic and diluted net income or loss per share

     11,686,947         7,932,569        10,746,212        6,856,428   

Basic and diluted net income (loss) per share

   $ 0.22       $ (1.07   $ (0.66   $ (2.60

Schedule of Anti-dilutive Securities

The following outstanding potentially dilutive securities were excluded from the computation of diluted net income or loss per share because the effect would have been anti-dilutive as of June 30:

 

     2016      2015  

Options

     27,831         230,464   

Restricted stock units

     206,934         779,881   

Warrants

     6,898,841         4,505,202   
  

 

 

    

 

 

 

Total

     7,133,606         5,515,547