Net Income (Loss) per Common Share (Tables)

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The Company calculates dilutive potential common shares using the treasury stock method, which assumes the Company will use the proceeds from the exercise of stock options and warrants to repurchase shares of common stock to hold in its treasury stock reserves.

	For the three months
	March 31, 2016			March 31, 2015
Income (loss) per share - Basic:
Numerator for basic income (loss) per share	$	(836,000	)	$	243,000
Denominator for basic income (loss) per share		48,173,521			30,259,823
Basic income (loss) per common share	$	(0.02	)	$	0.01
Income (loss) per share - Diluted:
Numerator for diluted income (loss) per share	$	(836,000	)	$	243,000
Adjust: Change in fair value of dilutive warrants outstanding		-			(1,009,000	)
Numerator for diluted income (loss) per share	$	(836,000	)	$	(766,000	)
Denominator for basic income (loss) per share		48,173,521			30,259,823
Plus: Incremental shares underlying warrants outstanding		-			6,822,676
Denominator for diluted income (loss) per share		48,173,521			37,082,499
Diluted income (loss) per common share	$	(0.02	)	$	(0.02	)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following potentially dilutive securities have been excluded from the computations of diluted weighted-average shares outstanding as they would be anti-dilutive:

	March 31,
	2016		2015
Shares underlying warrants outstanding		917,149		5,009,848
Shares underlying options outstanding		4,192,640		2,094,562
Unvested restricted stock		356,231		132,077