NET LOSS PER COMMON SHARE

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

NET LOSS PER COMMON SHARE

6. NET LOSS PER COMMON SHARE

Basic net loss per common share excludes dilution for potentially dilutive securities and is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share gives effect to dilutive options, warrants and other potential common shares outstanding during the period. Diluted net loss per common share is equal to the basic net loss per common share since all potentially dilutive securities are anti-dilutive for each of the periods presented. Potential common stock equivalents outstanding as of March 31, 2015 and March 31, 2014 consist of common stock equivalents of common stock purchase warrants, senior secured convertible debentures, convertible preferred stock, common stock options and unvested restricted stock awards, which are summarized as follows:

	March 31,
	2015		2014
Common stock purchase warrants		13,078,920		2,104,767
Common stock equivalents of convertible debebtures		4,328,466		-
Common stock equivalents of convertible preferred stock		4,007,406		1,464,287
Common stock options		1,293,701		290,801
Restricted stock awards		-		6,512
Total		22,708,493		3,866,367