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Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Schedule of basic and diluted loss per share

 

 

 

For the Quarter Ended

March 31, 2015

 

 

For the Quarter Ended

March 31 2014

 

Loss per Share - Basic

 

 

 

 

 

 

 

 

Numerator for basic loss per share

 

$

(3,141,706

)

 

$

(1,552,193

)

Denominator for basic loss per share

 

 

12,828,124

 

 

 

10,384,920

 

Loss per common share - basic

 

$

(0.24

)

 

$

(0.15

)

 

 

 

 

 

 

 

 

 

Loss per Share - Diluted

 

 

 

 

 

 

 

 

Numerator for basic loss per share

 

$

(3,141,706

)

 

$

(1,552,193

)

Adjust: Change in Fair Value of Warrant Liability

 

$

(1,092,058

)

 

$

(126,906

)

Adjust: Change in Fair Value Warrant Derivative Liability

 

 

84,895

 

 

 

18,282

 

Numerator for dilutive loss per share

 

$

(4,148,869

)

 

$

(1,660,817

)

 

 

 

 

 

 

 

 

 

Denominator for diluted loss per share

 

 

12,828,124

 

 

 

10,384,920

 

Plus: Incremental shares underlying "in the money" warrants outstanding

 

 

258,166

 

 

 

62,637

 

Denominator for dilutive loss per share

 

 

13,086,290

 

 

 

10,447,557

 

Loss per common share - diluted

 

$

(0.32

)

 

$

(0.16

)