Quarterly report pursuant to Section 13 or 15(d)

Common Stock

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Common Stock
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Common Stock
7.

COMMON STOCK

The Company has authorized 150,000,000 shares of common stock, $0.0001 par value per share, of which 26,003,304 shares and 25,938,332 shares were issued and outstanding as of March 31, 2015 and 2014 respectively.

During the three months ended March 31, 2015, the Company issued 64,972 shares of common stock upon the exercise of stock options and warrants to purchase common stock and the Company received net proceeds of $62,600.