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Earnings (Loss) Per Common Share (Notes)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
EARNINGS (LOSS) PER COMMON SHARE
 
Basic earnings (loss) per common share is computed by dividing the net income or loss by the basic weighted-average number of shares of common stock outstanding during each period presented. Diluted earnings per share is computed by dividing the net income or loss by the total of the basic weighted-average number of shares of common stock outstanding plus the additional dilutive securities that could be exercised or converted into common shares during each period presented less the amount of shares that could be repurchased using the proceeds from the exercises.
 
Three Months Ended
 
Nine Months Ended
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
Net loss
$
(1,511,603
)
 
$
(2,645,087
)
 
$
(5,730,568
)
 
$
(8,901,290
)
Weighted average shares outstanding - basic and diluted
5,420,020

 
4,075,605

 
5,357,119

 
3,286,431

Basic and diluted loss per common share
$
(0.28
)
 
$
(0.65
)
 
$
(1.07
)
 
$
(2.71
)


The Company excluded the following weighted average items from the above computation of diluted loss per common share as their effect would be anti-dilutive:
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
2016
 
September 30,
2015
 
September 30,
2016
 
September 30,
2015
Stock options
 
904,706

 
738,820

 
874,363

 
707,017

Warrants
 
557,423

 
1,595,042

 
550,002

 
2,328,645

Restricted stock units
 

 
49,421

 

 
74,738

Total excluded shares
 
1,462,129

 
2,383,283

 
1,424,365

 
3,110,400