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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 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  
    March 31,  
    2016     2015  
Numerator:                
Net Loss   $ (2,143,491 )   $ (1,302,113 )
                 
Denominator:                
Weighted average common shares – basic/diluted     9,678,318       9,057,326  
                 
Net Loss per share-                
Basic/Diluted   $ (0.22 )   $ (0.14 )
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  
    March 31,  
    2016     2015  
Stock Options     2,074,841       258,654  
Restricted Stock     16,320       40,620  
Warrants     64,981       64,981  
      2,156,142       364,255