Loss Per Common Share

9 Months Ended

Sep. 30, 2017

Loss Per Common Share [Abstract]

Loss Per Common Share

(14) Loss Per Common Share

The following table sets forth the computation of basic and diluted net loss per share for the quarters and nine months ended September 30, 2017 and 2016:

	Quarter Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Numerator:
Net loss	$	(543,401)	$	(2,368,245)	$	(3,497,648)	$	(5,253,193)
Denominator for basic and diluted net loss per common  share:
Weighted average number of shares of common stock outstanding - basic and diluted		48,941,702		48,479,908		48,677,423		48,351,907
Net loss per common share - basic and diluted	$	(0.01)	$	(0.05)	$	(0.07)	$	(0.11)

The following table sets forth the potential shares of common stock that are not included in the calculation of diluted net loss per share because to do so would be anti-dilutive as of the end of each period presented:

	September 30,
	2017		2016
Non-vested stock bonus plan shares		57,760	102,048
Stock options outstanding		3,409,262	3,106,096
Warrants to purchase common stock		5,489,733	5,489,733