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Organization and Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Reconciliation of Numerators and Denominators used in Computing Basic and Diluted Net Income Per Share

The following is a reconciliation of the numerators and denominators used in computing basic and diluted net income per share:

 

     12 Month
Period Ended
December 31,
2015
     12 Month
Period Ended
December 31,
2014
     12 Month
Period Ended
December 31,
2013
 

Net loss

   $ (18,207,163    $ (26,473,114    $ (10,741,272

Cumulative dividends on Series G Preferred Stock

     —           —           —     
  

 

 

    

 

 

    

 

 

 

Numerator, basic and diluted net loss available to stockholders

   $ (18,207,163    $ (26,473,114    $ (10,741,272
  

 

 

    

 

 

    

 

 

 

Denominator:

        

Shares used in computation – basic:

        

Weighted average common shares outstanding

     7,413,602         7,702,553         6,677,402   
  

 

 

    

 

 

    

 

 

 

Shares used in computation – diluted:

        

Weighted average common shares outstanding

     7,413,602         7,702,553         6,677,402   
  

 

 

    

 

 

    

 

 

 

Net loss per share – basic and diluted

   $ (2.46    $ (3.74    $ (1.61
  

 

 

    

 

 

    

 

 

 
Convertible Preferred Stock Excluded from EPS [Member]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from outstanding Convertible Preferred Stock calculated per the if-converted basis having an anti-dilutive effect on diluted earnings per share were excluded from potential common shares as follows:

 

     2015      2014      2013  

Excluded Convertible Preferred Stock

     —           2,700         2,700   
In the Money Potential Common Shares [Member]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The potential common shares, in the table following, represent potential common shares calculated using the treasury stock method from outstanding options and warrants that were excluded from the calculation of Diluted EPS:

 

     2015      2014      2013  

Average market price during the period

   $ 6.36       $ 18.36       $ 35.52   

In the money potential common shares from options excluded

     —           —           12,180   

In the money potential common shares from warrants excluded

     —           —           7,697   
Out of Money Potential Common Shares [Member]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Potential common shares from out-of-the-money options and warrants were also excluded from the computation of diluted earnings per share because calculation of the associated potential common shares has an anti-dilutive effect. The following table lists options and warrants that were excluded from diluted EPS.

 

     2015      2014      2013  

Out of the money options and warrants excluded:

        

Stock Options with an exercise price of $12.48 per share

     137,667         —           —     

Stock Options with an exercise price of $12.84 per share

     4,167         —           —     

Stock Options with an exercise price of $20.88 per share

     —           4,313         —     

Stock Options with an exercise price of $26.40 per share

     79,370         80,801         —     

Stock Options with an exercise price of $32.76 per share

     53,706         53,706         —     

Stock Options with an exercise price of $32.88 per share

     —           52,820         —     

Stock Options with an exercise price of $34.68 per share

     78,707         81,985         —     

Stock Options with an exercise price of $39.00 per share

     8,333         8,333         8,333   

Stock Options with an exercise price of $40.80 per share

     —           8,333         8,333   

Stock Options with an exercise price of $41.16 per share

     3,333         3,333         3,333   

Stock Options with an exercise price of $42.00 per share

     8,333         8,333         28,750   

Stock Options with an exercise price of $46.80 per share

     1,667         1,667         1,667   

Stock Options with an exercise price of $48.00 per share

     —           —           4,375   

Warrants with an exercise price of $43.20 per share

     130,208         130,208         130,208   
  

 

 

    

 

 

    

 

 

 

Total anti-dilutive warrants and options excluded from EPS

     505,491         433,832         185,000   
  

 

 

    

 

 

    

 

 

 

 

 

Unvested Restricted Stock Awards Excluded from EPS [Member]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The weighted average equivalent common shares relating to our unvested restricted stock awards that were excluded from potential common shares used in the earning per share calculation due to having an anti-dilutive effect are:

 

     2015      2014      2013  

Excluded unvested restricted stock awards

     92,587         44,138         12,669