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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
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,

 
2014
 
2013
Numerator
 
 
 
 
Net loss
 
$
(2,801,798
)
 
$
(4,380,445
)
Effects of redeemable convertible preferred stock:
 
 

 
 

Less: Preferred stock dividends
 
186,904

 
—

Less: Accretion to redemption value of Series A preferred stock
 
115,376

 
—

Net loss attributable to common stockholders
 
$
(3,104,078
)
 
$
(4,380,445
)
Denominator
 
 

 
 

Basic shares outstanding
 
48,031,737

 
47,862,834

Effect of dilutive securities:
 
 

 
 

Stock options and restricted stock
 
—

 
—

Preferred Stock
 
—

 
—

Diluted shares outstanding
 
48,031,737

 
47,862,834

EPS
 
 

 
 

Basic net loss per share attributable to common stockholders
 
$
(0.06
)
 
$
(0.09
)
Diluted net loss per share attributable to common stockholders
 
$
(0.06
)
 
$
(0.09
)