Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

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