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Note 7 - Loss Per Common Share
 9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note 7.  Loss Per Common Share
 
The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the periods ended September 30, 2016 and September 30, 2015. Diluted net loss per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of September 30, 2016 does not include 26,147 unvested stock awards, and 56,987 stock options as their effect was anti-dilutive. Diluted net loss per share as of September 30, 2015 does not include 28,733 stock awards, 59,266 stock options and 152,266 warrants, as their effect was anti-dilutive.
 
 
 
Three Months Ended
 
 
Nine
Months Ended
 
 
 
September
30, 2016
 
 
September
30, 2015
 
 
September
30, 2016
 
 
September
30, 2015
 
Net loss
   $ (19,359,044
)
   $ (20,376,620
)
   $ (81,133,287
)
   $ (68,551,984
)
Weighted Average Shares – Basic*
     37,031,096       1,881,968       20,588,612       1,880,116  
Dilutive effect of stock options and restricted stock units
 
 
-
 
 
 
-
 
 
 
-
 
 
 
-
 
Weighted Average Shares – Diluted*
     37,031,096       1,881,968       20,588,612       1,880,116  
Basic Loss Per Share*
   $ (0.52
)
   $ (10.83
)
   $ (3.94
)
   $ (36.46
)
Diluted Loss Per Share*
   $ (0.52
)
   $ (10.83
)
   $ (3.94
)
   $ (36.46
)
 
*Adjusted to give effect for the 1 for 20 reverse stock split that became effective as of the opening of trading on August 5, 2016, see Note 1.