Net Loss Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

Net Loss Per Share

4. Net Loss Per Share

Basic loss per common share is computed by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted loss per common share reflects the potential dilution from the exercise or conversion of securities into common stock. Potentially dilutive stock options and warrants excluded from dilutive loss per share because their effect was anti-dilutive totaled 7,107,190 and 9,595,808 at September 30, 2014 and 2013, respectively. The table below discloses the basic and diluted loss per common share.

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Net loss	$	(7,186,441	)	$	(6,359,957	)	$	(25,078,771	)	$	(14,871,661	)
Basic and diluted wtd avg common shares outstanding		130,771,380			127,162,064			130,163,929			126,581,018
Basic and diluted net loss per common share	$	(0.05	)	$	(0.05	)	$	(0.19	)	$	(0.12	)