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Loss Per Share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Computation for Basic and Diluted Loss Per Share
The following table sets forth the computation for basic and diluted loss per share:
 
 
 
Three Months
 
Nine Months
 
 
 
Ended September 30,
 
Ended September 30,
 
 
 
2013
 
2014
 
2013
 
2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Unaudited)
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Numerator:
 
 
 
 
 
 
 
 
 
Net loss
 
$
(2,718,126)
 
$
(3,643,946)
 
$
(4,839,585)
 
$
(10,287,300)
 
Numerator for basic and diluted earnings per share
 
$
(2,718,126)
 
$
(3,643,946)
 
$
(4,839,585)
 
$
(10,287,300)
 
Denominator:
 
 
 
 
 
 
 
 
 
 
 
 
 
Denominator for basic and diluted earnings per share — weighted-average shares
 
 
33,137,368
 
 
38,732,896
 
 
32,911,836
 
 
38,728,454
 
Basic and diluted loss per share
 
$
(0.08)
 
$
(0.09)
 
$
(0.15)
 
$
(0.27)