Shareholders' Equity

3 Months Ended

Mar. 31, 2014

Shareholders' Equity [Abstract]

Shareholders' Equity

Note 6. Shareholders’ Equity

Preferred Stock

The Company has 350,000 shares of preferred stock authorized, none of which are issued or outstanding.

Common Stock

During the three months ended March 31, 2014, the Company issued the following shares of common stock:

· In January 2014, the Company issued 77,889 shares of common stock in connection with the cashless exercise of 250,000 stock warrants;

· In March 2014, the Company issued 76,932 shares of common stock pursuant to the Lincoln Park  facility; and

· In three separate transaction, the Company issued 71,000 shares of common stock as partial consideration for services performed.