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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2014
Accounting Policies [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share:

 

 

  

For the Three Months Ended
September 30,

 

 

For the Nine Months Ended
September 30,

 

 

  

2014

 

 

2013

 

 

2014

 

 

2013

 

 

  

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

Net loss applicable to common stockholders—numerator for basic and diluted earnings per share

  

$

(4,744,886

 

$

(9,251,050

 

$

(8,060,053

 

$

(14,857,878

Weighted—average common shares outstanding—denominator for basic and diluted earnings per share

  

 

97,999,629

  

 

 

88,537,546

  

 

 

96,831,520

  

 

 

70,733,534

  

Net loss per share:

  

  

  

 

 

  

  

 

 

  

  

 

 

  

  

 

Basic and diluted

  

$

(0.05

 

$

(0.10

 

$

(0.08

 

$

(0.21

 

Schedule of Anti-dilutive Securities Excluded from Diluted Loss Per Share

The following table sets forth the anti-dilutive securities excluded from diluted loss per share:

 

 

  

For the Nine Months Ended
September 30,

 

 

  

2014

 

  

2013

 

 

  

(Unaudited)

 

  

(Unaudited)

 

Anti-dilutive securities excluded from
diluted loss per share:

  

 

 

 

  

 

 

 

Stock options

  

 

4,831,532

  

  

 

3,090,282

  

Warrants

  

 

12,291,000

 

  

 

  

Convertible notes

  

 

  

  

 

11,000,000

  

 

  

 

17,122,532

  

  

 

14,090,282