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Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2017
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,

 
    2017     2016  
Numerator:                
Net loss   $ (936,757 )   $ (2,143,491 )
                 
Denominator:                
Weighted average common shares –                
Basic/Diluted     10,731,856       9,678,318  
                 
Net loss per share –                
Basic/Diluted   $ (0.09 )   $ (0.22 )

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,
 
    2017     2016  
Stock options     1,652,920       2,074,841  
Restricted Stock Units     8,429       16,320  
Warrants     528,801       64,981  
      2,190,150       2,156,142