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