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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2015
Accounting Policies [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted loss per share:  

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

 

(Unaudited)

 

Net loss applicable to common stockholders - numerator for

   basic and diluted earnings per share

 

$

(1,504,237

)

 

$

(1,826,744

)

 

$

(3,023,277

)

 

$

(3,315,167

)

Weighted average common shares outstanding -

   denominator for basic and diluted earnings per share

 

 

111,686,685

 

 

 

96,649,466

 

 

 

111,652,346

 

 

 

96,237,784

 

Net loss per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.01

)

 

$

(0.02

)

 

$

(0.03

)

 

$

(0.03

)

 

Schedule of Anti-dilutive Securities Excluded from Diluted Loss Per Share

The following table sets forth the anti-dilutive securities excluded from diluted loss per share:

 

 

 

June 30,

 

 

 

2015

 

 

2014

 

 

 

(Unaudited)

 

 

(Unaudited)

 

Anti-dilutive securities excluded from diluted loss per share:

 

 

 

 

 

 

 

 

Stock options

 

 

5,041,073

 

 

 

4,996,215

 

Restricted stock units

 

 

76,100

 

 

 

 

Warrants

 

 

11,791,000

 

 

 

3,291,000

 

Convertible notes

 

 

 

 

 

11,000,000

 

 

 

 

16,908,173

 

 

 

19,287,215