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Net Loss Per Share of Common Stock
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Net Loss Per Share of Common Stock

NOTE 5 — NET LOSS PER SHARE OF COMMON STOCK

Diluted loss per share is the same as basic loss per share for all periods presented as the effects of potentially dilutive issuances were anti-dilutive given the Company’s net loss. Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding. The following table sets forth the computation of basic and diluted loss per share for common stockholders:

 

 

 

Three Months Ended

 

 

Nine months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Net loss

 

$

(27,155,197

)

 

$

(488,193

)

 

$

(49,459,277

)

 

$

(1,135,476

)

Weighted average shares of common stock outstanding

 

 

17,752,371

 

 

 

4,091,027

 

 

 

10,798,432

 

 

 

3,858,687

 

Net loss per share of common stock – basic and diluted

 

$

(1.53

)

 

$

(0.12

)

 

$

(4.58

)

 

$

(0.29

)

 

The following securities outstanding at September 30, 2014 and 2013 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of loss per share is antidilutive:

 

 

 

September 30,

 

 

September 30,

 

 

 

2014

 

 

2013

 

Non-vested stock issued (see Note 9 – Stockholders’ Equity)

 

 

—

 

 

 

821,429

 

Common stock options

 

 

2,621,910

 

 

 

—