Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2015

Summary Of Significant Accounting Policies Tables

Summary of Weighted Average Assumptions To Value Stock Options Granted

The Company also must estimate forfeitures for employee stock options. Management used the following weighted average assumptions to value stock options granted during the three month periods ended March 31, 2015 and 2014:

	Three months ended March 31,
	2015			2014
Expected term		5 years			5 years
Exercise price	$	0.01		$	0.02
Expected volatility		210	%		187	%
Expected dividends		None			None
Risk-free interest rate		1.48	%		1.64	%
Forfeitures		None			None

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

For the periods ended March 31, 2015 and 2014, the following common equivalent shares were excluded from the computation of loss per share since their effects are anti-dilutive.

	March 31,		March 31,
	2015		2014
Preferred Stock		3,085,000		3,085,000
Convertible debentures		101,060,673		67,809,459
Options		40,193,802		35,468,800
Warrants		109,205,387		93,988,650
Total		253,544,862		200,351,909

Schedule Of Earnings Per Share Basic And Diluted

The following table sets forth the computation of basic and diluted loss per share for the three month periods ended March 31, 2015 and 2014:

	Three Months Ended
	March 31,
	2014			2014
Numerator:
Net loss for basic earnings per share	$	(1,709,690	)	$	(3,250,157	)
Net loss for diluted earnings per share	$	(1,709,690	)	$	(3,250,157	)
Denominator:
Weighted average basic shares outstanding		194,355,277			167,208,694
Denominator for diluted earnings per share- Adjusted weighted average shares		194,355,277			167,208,694
Income (loss) per share
Basic	$	(0.01	)	$	(0.02	)
Diluted	$	(0.01	)	$	(0.02	)

Inventory

Inventory consisted of the following at March 31, 2015 and December 31, 2014:

	March 31,		December 31,
	2015		2014
Raw materials	$	238,700	$	238,441
Finished goods		45,183		45,183
		283,883		283,624
Reserve for obsolescence		-		-
	$	283,883	$	283,624