| Reconciliation of the numerator and denominator used in computing basic and diluted net loss per common share |
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Year Ended
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December 31,
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2012
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2011
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Numerator:
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Net loss
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$
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(4,030,641
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)
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$
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(1,593,173
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)
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Denominator:
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Basic shares:
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Weighted-average common shares outstanding
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38,611,758
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37,619,208
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Diluted shares:
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Weighted-average shares used to compute basic net loss per share
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38,611,758
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37,619,208
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Add: Weighted average shares assumed to be issued upon conversion of convertible notes as of the date of issuance
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-
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-
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Warrants and options as of beginning of period
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-
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-
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Weighted-average shares used to compute diluted net loss per share
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38,611,758
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37,619,208
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Net loss per share:
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Basic
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$
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(0.10
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)
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$
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(0.04
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)
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Diluted
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$
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(0.10
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)
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$
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(0.04
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)
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