Net Loss Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 10.  Net Loss Per Share

Basic and diluted net loss per share are shown on the statement of operations.

No adjustment has been made to the net loss for charges, gains, losses and accretion related to Series A and B CPS, Series A-1 Convertible Preferred Stock and convertible promissory notes, as the effect would be anti-dilutive due to the net loss.

The following outstanding stock options, warrants and unit warrants (on an as-converted into common stock basis) and shares issuable or contingently issuable upon conversion of restricted stock, Series 1 convertible preferred stock, Series A, B and C CPS, Series A-1 convertible preferred stock and convertible promissory notes were excluded from the computation of diluted net loss per share attributable to holders of common stock as they had antidilutive effects for the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Common share equivalents issuable upon exercise of common stock options		591		975		836		3,501
Common share equivalents issuable upon exercise of common stock warrants		472,968		—		282,437		—
Common share equivalents issuable upon exercise of unit warrants		112,010		—		53,459		—
Shares issuable upon vesting of restricted stock		—		153		1		225
Shares issuable upon conversion of Series 1 convertible preferred stock		2,876,011		—		969,205		—
Shares issuable upon conversion of Series A CPS		293,844		274,359		293,844		274,359
Shares issuable upon conversion of Series B CPS		591,191		164,402		591,191		164,402
Shares issuable upon conversion of Series C CPS		32,536		32,536		32,536		32,536
Shares issuable upon conversion of Series A-1 convertible preferred stock		204,011		313,863		283,513		310,126
Shares issuable upon conversion of  convertible promissory notes		186,140		286,559		258,870		283,049
Total common share equivalents excluded from denominator for diluted earnings per share computation		4,769,302		1,072,847		2,765,892		1,068,198

Effective October 24, 2013, the Company issued 736,573 new shares of its common stock in exchange for 292.8319 shares of Series 1 Convertible Preferred Stock.