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EARNINGS (LOSS) PER SHARE (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2014 | Dec. 31, 2013
EARNINGS (LOSS) PER SHARE |  |
Schedule of reconciliation of net income (loss) and weighted average common shares outstanding for purposes of calculating basic and diluted net income (loss) per share |
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | (Unaudited) |  | (Unaudited) |
|  | 2014 |  | 2013 |  | 2014 |  | 2013 |
Basic: |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (4,009,477 | ) | $ | (3,951,687 | ) | $ | (3,761,777 | ) | $ | (1,604,244 | )
Denominator: |  |  |  |  |  |  |  |  |
Basic - weighted average common shares outstanding |  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Basic EPS |  | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.17 | ) | $ | (0.07 | )
Diluted: |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |
Net loss |  | $ | (4,009,477 | ) | $ | (3,951,687 | ) | $ | (3,761,777 | ) | $ | (1,604,244 | )
Denominator: |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |
Stock options |  | — |  | — |  | — |  | — |
|  | 21,957,167 |  | 21,832,831 |  | 21,956,804 |  | 21,805,692 |
Diluted EPS |  | $ | (0.18 | ) | $ | (0.18 | ) | $ | (0.17 | ) | $ | (0.07 | )
|  | December 31, |
|  | 2013 |  | 2012 |  | 2011 |
Numerator: |  |  |  |  |  |  |
Net income (loss) |  | $ | (6,316,041 | ) | $ | 15,671,879 |  | $ | 10,833,215 |
Denominator: |  |  |  |  |  |  |
Basic - weighted average common shares outstanding |  | 21,841,582 |  | 21,513,638 |  | 21,215,800 |
Effect of Dilutive Securities: |  |  |  |  |  |  |
Stock options |  | — |  | 384,738 |  | 332,601 |
|  | 21,841,582 |  | 21,898,376 |  | 21,548,401 |
Basic net income (loss) per share |  | $ | (0.29 | ) | $ | 0.73 |  | $ | 0.51 |
Diluted net income (loss) per share |  | $ | (0.29 | ) | $ | 0.72 |  | $ | 0.50 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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