Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule Of Pre Tax Earnings

Pre-tax earnings consisted of the following for the years ended December 31, 2015 and 2014:

December 31,	2015		2014
Pre-Tax (Loss) Earnings
U.S.	$	(13,425,887)	$	(7,868,858)
Outside the U.S.		(1,591)		—
Total Pre-Tax (Loss) Earnings	$	(13,427,478)	$	(7,868,858)

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes for the years ended December 31, 2015 and 2014 was as follows:

		2015		2014
U.S. Income Taxes
Current Provision	$	—	$	—
Deferred Provision		—		—
Income Taxes Outside the U.S.
Current Provision		—		—
Deferred Provision		—		—
State Income Taxes
Current Provision		—		—
Deferred Provision		—		—
Total Provision	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. federal income tax rate to the effective rates for the years ended December 31, 2015 and 2014 is as follows:

	2015			2014
Federal Income Tax at Statutory Rate		34.0	%		34.0	%
State Tax Provision, Net of Federal Benefit		0.3	%		0.2	%
Foreign Income Taxed at Other Than 34%		(0.0)	%		(0.0)	%
Loss on Derivative Valuation		(6.3)	%		(11.1)	%
Change in Rate Assumptions		0.0	%		0.0	%
Other		0.7	%		(2.2)	%
Effective Tax Rate		28.7	%		20.9	%
Change in Valuations Allowance		(28.7)	%		(20.9)	%
Net Effective Tax Rate		0.0	%		0.0	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) for the years ended December 31, 2015 and 2014 consist of the following:

	2015		2014
Deferred Tax Assets
Net Operating Loss Carry-forwards	$	15,027,603	$	11,418,496
Tax Credit Carry-forwards		1,823,661		1,433,229
Other		393,218		876,606
Total Deferred Tax Assets		17,244,482		13,728,331
Deferred Tax Liabilities
Other		271,565		614,027
Net Deferred Tax Assets Before Valuation Allowance	$	16,972,917	$	13,114,304
Valuation Allowance		(16,972,917)		(13,114,304)
Net Deferred Tax Assets	$	—	$	—