Shareholders' Equity

3 Months Ended

Mar. 31, 2015

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, 2015, the Company issued the following shares of common stock:

● In seventeen separate transactions, the Company issued 1,183,786 shares of common stock in connection with warrant exercises;

● In two separate transactions, the Company issued 153,010 shares of common stock pursuant to the Lincoln Park facility; and

● In three separate transactions, the Company issued 66,000 shares of common stock as partial consideration for services performed.