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NET LOSS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Calculation of Net Earnings Per Share

The following sets forth the denominator used in the calculations of basic net loss per share and net loss per share assuming dilution:

 

    Year ended 
December 31, 
2014
    Year ended 
December 31, 
2013
 
Denominator for basic net loss per share, weighted average shares outstanding     23,513,870       16,977,027  
Dilutive effect of common stock options     N/A       N/A  
Dilutive effect of Series C convertible preferred stock and convertible debt and warrants     N/A       N/A  
Denominator for net loss per share, assuming dilution     23,513,870       16,977,027  
Potentially dilutive securities

Potentially dilutive securities outstanding are summarized as follows:

 

    December 31, 
2014
    December 31, 
2013
 
Exercise of common stock options     1,692,500       1,372,000  
Exercise of common stock warrants     4,450,536       1,313,679  
Conversion of Series C convertible preferred stock     2,828,054       1,423,150  
Conversion of convertible debt     4,783,272       4,321,385  
Total     13,754,362       8,430,214