Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2015 |
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| Accounting Policies [Abstract] |
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| Schedule of Cash and Cash Equivalents |
Cash and cash equivalents consist of the
following:
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June 30, |
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December 31, |
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2015 |
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2014 |
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Cash
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$ |
218,084 |
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$ |
10,974 |
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Money market funds
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|
9,025,069 |
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6,251,471 |
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$ |
9,243,153 |
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$ |
6,262,445 |
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| Summary of Property and Equipment |
Property and Equipment consists of the
following:
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June 30, |
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December 31, |
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2015 |
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2014 |
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Computer hardware and software
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$ |
26,152 |
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$ |
17,179 |
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Office furniture and equipment
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35,209 |
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27,960 |
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Leasehold improvements
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19,310 |
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19,310 |
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Less: accumulated depreciation
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(21,946 |
) |
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(10,405 |
) |
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Property and equipment, net
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$ |
58,725 |
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$ |
54,044 |
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| Computation of Basic and Diluted Earnings Per Share |
The following table sets forth the computation of
basic and diluted earnings per share for the three and six months
ended June 30, 2015 and 2014:
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Three Months Ended June 30, |
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2015 |
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2014 |
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Basic and diluted net loss per share of common stock:
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Net loss
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(2,562,541 |
) |
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(504,608 |
) |
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Net loss applicable to common stockholders
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(2,562,541 |
) |
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(504,608 |
) |
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Weighted average shares of common stock outstanding
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26,901,100 |
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22,071,172 |
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Net loss per share of common stock-basic and diluted
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$ |
(0.10 |
) |
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$ |
(0.02 |
) |
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Six Months Ended June 30, |
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2015 |
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2014 |
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Basic and diluted net loss per share of common stock:
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Net loss
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(4,098,259 |
) |
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(620,587 |
) |
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Net loss applicable to common stockholders
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(4,098,259 |
) |
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(620,587 |
) |
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Weighted average shares of common stock outstanding
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26,434,174 |
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14,532,561 |
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Net loss per share of common stock-basic and diluted
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$ |
(0.16 |
) |
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$ |
(0.04 |
) |
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| Potentially Dilutive Securities Excluded from the Computation of Dilutive Weighted Average Shares Outstanding |
The following potentially dilutive securities
outstanding at June 30, 2015 and 2014 have been excluded from
the computation of dilutive weighted average shares outstanding as
the inclusion would be antidilutive.
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June 30, |
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2015 |
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2014 |
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Warrants
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8,896,848 |
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13,602,451 |
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Stock options
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3,716,170 |
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1,596,882 |
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12,613,018 |
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15,199,333 |
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