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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2017
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 months ended March 31, 2017 and 2016:
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Stock options and restricted stock
 
6,653,115

 
8,163,531

Series A redeemable convertible preferred stock
 
8,781,516

 
8,781,516

Total anti-dilutive common stock equivalents
 
15,434,631

 
16,945,047
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 March 31,

 
2017
 
2016
Numerator
 
 
 
 
Net loss
 
$
(1,112,197
)
 
$
(4,296,612
)
Effects of Series A redeemable convertible preferred stock:
 
 

 
 

Less: Series A redeemable convertible preferred stock dividends
 
204,575

 
192,608

Less: Accretion to redemption value of Series A redeemable convertible preferred stock
 
—

 
163,669

Net loss attributable to common stockholders
 
$
(1,316,772
)
 
$
(4,652,889
)
Denominator
 
 

 
 

Weighted average basic shares outstanding
 
44,088,352

 
41,882,232

Effect of dilutive securities:
 
 

 
 

Stock options and restricted stock
 
—

 
—

Series A redeemable convertible preferred stock
 
—

 
—

Weighted average diluted shares outstanding
 
44,088,352

 
41,882,232

EPS
 
 

 
 

Basic net loss per share attributable to common stockholders
 
$
(0.03
)
 
$
(0.11
)
Diluted net loss per share attributable to common stockholders
 
$
(0.03
)
 
$
(0.11
)