Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following represents the common stock equivalents that were excluded from the computation of diluted shares outstanding because their effect would have been anti-dilutive for the three and six months ended June 30, 2014 and 2013:

	Three Months Ended June 30,		Six Months Ended June 30,
	2014	2013	2014	2013
Stock options and restricted stock	6,286,802	11,323,575	8,898,259	11,323,575
Preferred stock	8,781,516	—	8,781,516	—
Total anti-dilutive common stock equivalents	15,068,318	11,323,575	17,679,775	11,323,575

Computation of Earnings Per Share

The following represents a reconciliation of the numerators and denominators of the basic and diluted EPS computation:  

	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014			2013
Numerator
Net income (loss)	$	1,330,947	$	(5,207,293	)	$	(1,470,851	)	$	(9,587,738	)
Effects of redeemable convertible preferred stock:
Less: Preferred stock dividends	186,904		—			373,808			—
Less: Accretion to redemption value of Series A preferred stock	120,531		—			235,907			—
Net income (loss) attributable to common stockholders	$	1,023,512	$	(5,207,293	)	$	(2,080,566	)	$	(9,587,738	)
Denominator
Basic shares outstanding	47,919,318		47,996,027			47,975,217			47,929,799
Effect of dilutive securities:
Stock options and restricted stock	861,288		—			—			—
Preferred stock	—		—			—			—
Diluted shares outstanding	48,780,606		47,996,027			47,975,217			47,929,799
EPS
Basic net income (loss) per share attributable to common stockholders	$	0.02	$	(0.11	)	$	(0.04	)	$	(0.20	)
Diluted net income (loss) per share attributable to common stockholders	$	0.02	$	(0.11	)	$	(0.04	)	$	(0.20	)