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

 

Three Months Ended

Nine Months Ended

September 30,

September 30,

2012

2011

2012

2011

Numerator:

Net loss

$

(10,325,464)

$

(6,290,546)

$

(23,388,120)

$

(20,286,414)

Denominator:

Weighted average number of common shares outstanding

37,977,052

22,676,114

33,107,175

17,441,767

Schedule of potential dilutive common shares

 

At September 30,

2012

2011

Stock options outstanding

1,999,521

1,344,665

Unvested restricted stock

275,262

408,388

Common stock warrants (1)

9,421,008

7,128,563

Number of dilutive potential common shares

11,695,791

8,881,616

 

 

(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.