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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 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:

 

     12 Month
Period Ended
December 31,
2016
     12 Month
Period Ended
December 31,
2015
     12 Month
Period Ended
December 31,
2014
 

Net loss

   $ (6,316,021    $ (18,207,163    $ (26,473,114

Cumulative dividends on Series G Preferred Stock

     —        —        —  
  

 

 

    

 

 

    

 

 

 

Numerator, basic and diluted net loss available to stockholders

   $ (6,316,021    $ (18,207,163    $ (26,473,114
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Shares used in computation – basic:

        

Weighted average common shares outstanding

     7,564,082        7,413,602        7,072,553  
  

 

 

    

 

 

    

 

 

 

Shares used in computation – diluted:

        

Weighted average common shares outstanding

     7,564,082        7,413,602        7,072,553  
  

 

 

    

 

 

    

 

 

 

Net loss per share – basic and diluted

   $ (0.84    $ (2.46    $ (3.74
  

 

 

    

 

 

    

 

 

 

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 per the if-converted basis having an anti-dilutive effect on diluted earnings per share were excluded from potential common shares as follows:

 

     2016      2015      2014  

Excluded Convertible Preferred Stock

     —        —        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 table following, represent potential common shares calculated using the treasury stock method from outstanding options and warrants that were excluded from the calculation of Diluted EPS:

 

     2016      2015      2014  

Average market price during the period

   $ 3.46      $ 6.36      $ 18.36  

In the money potential common shares from options excluded

     4,979        —          —    

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 earnings per share because calculation of the associated potential common shares has an anti-dilutive effect. The following table lists options and warrants that were excluded from diluted EPS.

 

     2016      2015      2014  

Out of the money options and warrants excluded:

        

Stock Options with an exercise price of $3.59 per share

     7,521        —          —    

Stock Options with an exercise price of $12.48 per share

     137,666        137,667        —    

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

     75,158        79,370        80,801  

Stock Options with an exercise price of $32.76 per share

     —          53,706        53,706  

Stock Options with an exercise price of $32.88 per share

     —          —          52,820  

Stock Options with an exercise price of $34.68 per share

     73,765        78,707        81,985  

Stock Options with an exercise price of $39.00 per share

     8,333        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

     833        3,333        3,333  

Stock Options with an exercise price of $42.00 per share

     8,333        8,333        8,333  

Stock Options with an exercise price of $46.80 per share

     1,667        1,667        1,667  

Stock Options with an exercise price of $48.00 per share

     —          —          —    

Warrants with an exercise price of $3.52 per share

     120,000        —          —    

Warrants with an exercise price of $43.20 per share

     —          130,208        130,208  
  

 

 

    

 

 

    

 

 

 

Total anti-dilutive warrants and options excluded from EPS

     437,443        505,491        433,832  
  

 

 

    

 

 

    

 

 

 

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 used in the earning per share calculation due to having an anti-dilutive effect are:

 

     2016      2015      2014  

Excluded unvested restricted stock awards

     113,889        92,587        44,138