Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2015
Summary of Significant Accounting Policies [Abstract]  
Schedule of weighted-average Black-Scholes assumptions
  For the Three Months Ended   For the Nine Months Ended
    September 30,   September 30,
    2015    2014   2015    2014
Expected life   8 years   N/A   2 years   6 years
Risk free Interest rate   1.62%   N/A   0.70%   2.42%
Expected volatility   79%   N/A   80%   80%
Expected dividend yield   0%   N/A   0%   0%
Forfeiture rate   0%   N/A   0%   0%

 
Schedule of antidilutive securities excluded from computation of earnings per share
      September 30,     September 30,*  
      2015     2014  
  Options     3,659,083       1,225,219  
  Warrants     7,936,391       933,617  
  Preferred Stock Series B     -       2,700,000  
  Totals     11,595,474       4,858,836  

 

* September 30, 2014, excludes the impact of Put agreements, which subscribed certain shareholders of the Company to purchase additional shares and warrants contingent upon, and concurrently with, completion of the IPO.