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Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

The calculation of diluted net loss per share excludes all anti-dilutive shares.

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2016     2015     2016     2015  
Numerator:                                
                                 
Net Loss   $ (1,775,116 )   $ (1,213,973 )   $ (3,918,607 )   $ (2,516,086 )
                                 
Denominator:                                
Weighted average common shares –                                
Basic/Diluted     9,108,856       9,835,927       9,393,587       9,448,777  
                                 
Net Loss per share –                                
Basic/Diluted   $ (0.19 )   $ (0.12 )   $ (0.42 )   $ (0.27 )

Summary of the Common Stock Equivalents Excluded from Loss per Diluted Share

The following table summarizes the common stock equivalents excluded from loss per diluted share because their effect would be anti-dilutive:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2016     2015     2016     2015  
Stock options     2,054,547       371,048       2,054,547       371,048  
Warrants     688,301       64,981       688,301       64,981  
Restricted stock     53,017       55,280       53,017       55,280  
      2,795,865       491,309       2,795,865       491,309