Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2016

Summary of Significant Accounting Policies [Abstract]

Summary of earnings per share

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Numerator:
Net income/(loss) for basic earnings per share	$	(1,673,217	)		2,774,348		$	(2,915,424	)	$	(5,772,668	)
Less change in fair value of warrant liability		-			4,047,742			1,109,192			-
Net loss for diluted earnings per share		(1,673,217	)		(1,273,394	)		(4,024,616	)		(5,772,668	)
Denominator:
Weighted-average basic common shares outstanding		3,432,081			2,648,240			3,245,653			2,553,930
Assumed conversion of dilutive securities:
Common stock purchase warrants		-			180,818			102,184			-
Denominator for diluted earnings per share – adjusted weighted-average shares		3,432,081			2,829,058			3,347,837			2,553,930
Basic net income (loss) per share	$	(0.49	)		1.05		$	(0.90	)	$	(2.26	)
Diluted net loss per share	$	(0.49	)		(0.45	)	$	(1.20	)	$	(2.26	)

Schedule of weighted average number of common shares

	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
Common stock purchase warrants		492,614		188,920		188,920		492,614
Stock options		299,752		230,074		299,752		230,074
Total		792,366		418,994		488,672		722,686