NET LOSS PER COMMON SHARE DATA

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

NET LOSS PER COMMON SHARE DATA

11. NET LOSS PER COMMON SHARE DATA

The following table sets forth the computation of basic and diluted net loss attributable to common stockholders per common share, as well as a reconciliation of the numerator and denominator used in the computation:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Net loss	$	(1,855,044	)	$	(3,059,137	)	$	(4,179,866	)	$	(8,778,319	)
Denominator:
Weighted average common shares outstanding		8,384,708			8,005,820			8,384,708			7,872,767
Basic and diluted net loss per common share	$	(0.22	)	$	(0.38	)	$	(0.50	)	$	(1.12	)

The following equivalent shares were excluded from the calculation of diluted loss per share as their impact would have been anti-dilutive:

	Nine Months Ended September 30,
	2013		2012
Options to purchase common stock		3,412,000		913,333
Warrants		4,129,827		2,215,680
Restricted stock		122,167		122,167