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Earnings (Loss) per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of basic and diluted earnings (loss) per share of common stock for the three months ended March 31, 2014 and 2013.
 
 
 
Three Months Ended March 31,
 
 
 
2014
 
2013
 
Basic loss per share attributable to common stock:
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net loss
 
$
(5,267,156)
 
$
(1,351,734)
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted avg. common shares outstanding
 
 
12,728,086
 
 
4,455,790
 
 
 
 
 
 
 
 
 
Basic loss per share attributable to common stock
 
$
(0.41)
 
$
(0.30)
 
 
 
 
 
 
 
 
 
Diluted loss per share attributable to common stock:
 
 
 
 
 
 
 
Numerator
 
 
 
 
 
 
 
Net loss
 
$
(5,267,156)
 
$
(1,351,734)
 
Denominator
 
 
 
 
 
 
 
Weighted avg. common shares outstanding
 
 
12,728,086
 
 
4,455,790
 
 
 
 
 
 
 
 
 
Diluted loss per share attributable to common stock
 
$
(0.41)
 
$
(0.30)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The computation of diluted loss per share for the three months ended March 31, 2014 and 2013 does not include the following unvested restricted stock, unvested restricted stock units, stock options and warrants to purchase shares in the computation of diluted loss per share because these instruments were antidilutive:
 
 
 
March 31,
 
 
 
2014
 
2013
 
Stock options
 
1,294,733
 
1,170,145
 
Unvested resticted stock
 
12,000
 
99,720
 
Unvested resticted stock units
 
15,000
 
-
 
Warrants
 
20,467
 
20,467