Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

v2.4.1.9
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2014
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents

Cash and cash equivalents consist of the following:

 

     December 31,  
     2014      2013  

Cash

   $ 10,974       $ 100,761   

Money market fund

     6,251,471         202,259   
  

 

 

    

 

 

 
   $ 6,262,445       $ 303,020   
  

 

 

    

 

 

 
Summary of Property and Equipment

Property and Equipment consists of the following:

 

     December 31,  
     2014      2013  

Computer hardware and software

   $ 17,179       $ —     

Office furniture and equipment

     27,960         —     

Leasehold improvements

     19,310         —     
  

 

 

    

 

 

 

Less: accumulated depreciation

  (10,405   —     
  

 

 

    

 

 

 

Property and equipment, net

$ 54,044    $ —     
  

 

 

    

 

 

 
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, 2014 and 2013:

 

     Years Ended December 31,  
     2014     2013  

Basic and diluted net loss per share of common stock:

    

Net loss

   $ (2,540,485   $ (602,350

Net loss applicable to common stockholders

     (2,540,485     (602,350
  

 

 

   

 

 

 

Weighted average shares of common stock outstanding

     20,159,861        6,964,788   
  

 

 

   

 

 

 

Net loss per share of common stock-basic and diluted

   $ (0.13   $ (0.09
  

 

 

   

 

 

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

The following potentially dilutive securities outstanding at December 31, 2014 and 2013 have been excluded from the computation of dilutive weighted average shares outstanding as the inclusion would be antidilutive.

 

     December 31,  
     2014      2013  

Preferred stock

     —           1,646,157   

Warrants

     13,709,977         329,617   

Stock options

     3,556,691         528,154   
  

 

 

    

 

 

 
     17,266,668         2,503,928