Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v3.3.1.900
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Cash

 

$

255,943

 

 

$

10,974

 

Money market fund

 

 

12,082,332

 

 

 

6,251,471

 

 

 

$

12,338,275

 

 

$

6,262,445

 

 

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2015 and 2014:

 

 

 

Years Ended December 31,

 

 

 

2015

 

 

2014

 

Basic and diluted net loss per share of common stock:

 

 

 

 

 

 

 

 

Net loss

 

$

(8,850,739

)

 

$

(2,540,485

)

Net loss applicable to common stockholders

 

 

(8,850,739

)

 

 

(2,540,485

)

Weighted average shares of common stock outstanding

 

 

31,350,145

 

 

 

20,159,861

 

Net loss per share of common stock-basic and diluted

 

$

(0.28

)

 

$

(0.13

)

 

Potentially Dilutive Securities Excluded from the Computation of Dilutive Weighted Average Shares Outstanding

The following potentially dilutive securities outstanding at December 31, 2015 and 2014 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be antidilutive.

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Warrants

 

 

1,969,250

 

 

 

13,709,977

 

Stock options

 

 

3,982,065

 

 

 

3,556,691

 

 

 

 

5,951,315

 

 

 

17,266,668