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Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of Earnings Per Share Basic and Diluted

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

 

    Year Ended  
    December 31,  
    2015     2014  
Numerator:                
Net Loss   $ (5,333,951 )   $ (7,644,230 )
                 
Denominator:                
Weighted average common shares – basic     9,658,346       4,801,059  
Dilutive effect of equity incentive plans     -       -  
Weighted average common shares – diluted     9,658,346       4,801,059  
                 
Net Loss per share                
Basic   $ (0.55 )   $ (1.59 )
Diluted   $ (0.55 )   $ (1.59 )

Schedule of Common Stock Equivalents Excluded from Income (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:

 

    2015     2014  
             
Stock Options     1,901,298       235,478  
Restricted Stock     67,077       31,807  
Warrants     64,981       64,981  
Total     2,033,356       332,266