Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2016

Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:


	Three Months Ended
	March 31, 2016		March 31, 2015
Net income (loss)	$	84,644	$	(9,714,471	)

Numerator, basic and diluted net income (loss) available to stockholders.	$	84,644	$	(9,714,471	)

Denominator:
Shares used in computation – basic:
Weighted average common shares outstanding		7,541,111		7,209,653

Common shares outstanding for basic		7,541,111		7,209,653

Shares used in computation – diluted:		91,330		—
Common shares outstanding for basic		7,541,111		7,209,653

Shares used in computing diluted net income per share		7,632,441		7,209,653

Net (loss) per share – basic	$	0.01	$	(1.35	)
Net (loss) per share – diluted	$	0.01	$	(1.35	)

Convertible Preferred Stock Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from outstanding Convertible Preferred Stock calculated on an if-converted basis having an anti-dilutive effect on diluted earnings per share were excluded from potential common shares as follows:


	Three Months Ended
	March 31, 2016		March 31, 2015
Potential common shares from Convertible Preferred Stock excluded from EPS		—		2,700

In the Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares in the following tables represent potential common shares calculated using the treasury stock method from outstanding options, stock awards and warrants that were excluded from the calculation of diluted EPS:


	Three Months Ended
	March 31, 2016		March 31, 2015
Average market price during the period	$	3.63	$	9.48

In the money potential common shares from options excluded		—		—
In the money potential common shares from warrants excluded		—		—

Out of Money Potential Common Shares [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out-of-the-money options and warrants were also excluded from the computation of diluted EPS because calculation of the associated potential common shares has an anti-dilutive effect on EPS. The following table lists options and warrants that were excluded from diluted EPS:


	Three Months Ended
	March 31, 2016		March 31, 2015
Out of the money options and warrants excluded:
Stock options with an exercise price of $12.48 per share		137,666		137,666
Stock options with an exercise price of $12.84 per share		4,167		4,167
Stock options with an exercise price of $20.88 per share		—		4,313
Stock options with an exercise price of $26.40 per share		79,370		80,801
Stock options with an exercise price of $32.76 per share		53,707		53,707
Stock options with an exercise price of $32.88 per share		—		52,820
Stock options with an exercise price of $34.68 per share		78,705		81,985
Stock options with an exercise price of $39.00 per share		8,333		8,333
Stock options with an exercise price of $40.80 per share		—		8,333
Stock options with an exercise price of $41.16 per share		3,333		3,333
Stock options with an exercise price of $42.00 per share		8,333		8,333
Stock options with an exercise price of $46.80 per share		1,667		1,667
Warrants with an exercise price of $43.20 per share		130,208		130,208

Total anti-dilutive warrants and options excluded from EPS		505,489		575,666

Unvested Restricted Stock Awards Excluded from EPS [Member]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted average equivalent common shares relating to our unvested restricted stock awards that were excluded from potential common shares in the earning per share calculation due to having an anti-dilutive effect are:


	Three Months Ended
	March 31, 2016		March 31, 2015
Potential common shares from unvested restricted stock awards excluded from EPS		—		148,018