Loss per Share Loss per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Calculation of basic and diluted loss per share

The calculation of basic and diluted loss per share was as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Numerator
Net loss attributable to common shareholders	$	(1,693,818	)	$	(2,105,859	)	$	(13,676,117	)	$	(9,194,894	)
Denominator
Weighted Average basic common shares	59,946,141			45,895,118			55,095,077			42,049,167
Effect of dilutive securities (1)	—			—			—			—
Weighted average dilutive common share	59,946,141			45,895,118			55,095,077			42,049,167
Basic loss per share	(0.03)			(0.05)			(0.25)			(0.22)
Diluted loss per share	(0.03)			(0.05)			(0.25)			(0.22)

(1) Diluted loss per share was computed without consideration to potentially dilutive instruments as their inclusion would have been antidilutive. Potentially dilutive instruments include stock options, unvested restricted stock awards and warrants. As of September 30, 2015 and 2014, there were options to purchase 3.3 million and 4.2 million shares of common stock, respectively, and as of September 30, 2015 and 2014 there were warrants to purchase 24.0 million and 4.1 million shares of common stock, respectively, which were excluded from the computation as they would be antidilutive.