XML 37 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Summary of Significant Accounting Policies [Abstract]    
Summary of earnings per share
  Three Months Ended
June 30,
  Six Months Ended
June 30,
 
  2016  2015  2016  2015 
Numerator:            
Net loss for basic earnings per share $(92,775) $(3,977,694) $(1,242,208) $(8,547,016)
Less change in fair value of warrant liability  525,328   -   1,285,485   - 
Net loss for diluted earnings per share  (618,103)  (3,977,694)  (2,527,693)  (8,547,016)
Denominator:                
Weighted-average basic common shares outstanding  3,176,937   2,572,626   3,152,439   2,506,604 
Assumed conversion of dilutive securities:                
Common stock purchase warrants  96,442   -   115,542   - 
Denominator for diluted earnings per share – adjusted weighted-average shares  3,273,379   2,572,626   3,267,981   2,506,604 
Basic net loss per share $(0.03) $(1.55) $(0.39) $(3.41)
Diluted net loss per share $(0.19) $(1.55) $(0.77) $(3.41)
     For the Year Ended         For the Year Ended  
     December 31, 
2015
    
    December 31, 
2014
 
Numerator:            
Net loss for basic earnings per share   $ (7,831,230 )   $ (6,706,972 )
        Less change in fair value of warrant liability     -       3,436,195  
Net loss for diluted earnings per share   $ (7,831,230 )   $ (10,143,167 )
Denominator:                
Weighted-average basic common shares outstanding     2,606,577       2,063,842  
Assumed conversion of dilutive securities:                
        Common stock purchase warrants     -       294,652  
Denominator for diluted earnings per share – adjusted weighted-average shares     2,606,577       2,358,494  
Basic net loss per share   $ (3.00 )   $ (3.2 5)  
Diluted net loss per share   $ (3.00 )   $ (4.3 0)  
Schedule of weighted average number of common shares
  Three Months Ended 
June 30,
  Six Months Ended 
June 30,
 
  2016  2015  2016  2015 
Common stock purchase warrants  191,133   494,826   191,133   494,826 
Stock options  311,651   233,824   311,651   233,824 
Total  502,784   728,650   502,784   728,650
  For the Year Ended  For the Year Ended 
  December 31, 2015  December 31, 2014 
Common stock purchase warrants  492,612   254,614 
Stock options  276,861   248,828 
Total  769,473   503,442