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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of the components of the calculations of basic and diluted earnings per share

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 2012

 

June 30, 2011

 

June 30, 2012

 

June 30, 2011

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(6,479,554)

 

$

(6,752,668)

 

$

(13,062,656)

 

$

(13,995,868)

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average number of common shares outstanding

 

37,853,358 

 

16,320,235 

 

30,645,479 

 

14,781,215 

Schedule of potential dilutive common shares

 

 

 

 

 

 

 

 

 

At June 30,

 

2012

 

2011

Stock options outstanding

 

2,005,657 

 

1,059,953 

Unvested restricted stock

 

275,262 

 

409,164 

Common stock warrants  (1)

 

9,421,008 

 

7,128,563 

Number of dilutive potential common shares

 

11,701,927 

 

8,597,680 

 

 

(1)

On May 31, 2011, the Company granted 7,128,563 warrants as part of an underwritten public offering.  As a result of the March 28 and 29, 2012 public offerings described in Note 5, the number of warrants increased to 9,421,008.