Years Ended

2014

2013

Net loss

$

(5,388,185

)

$

(4,419,525

)

Basic and diluted loss per common share

$

(0.05

)

$

(0.04

)

Weighted average common shares outstanding (1):

106,459,379

99,987,443

Potentially dilutive securities (2):

Stock options

13,974,052

13,160,955

Warrants

469,020

-

Convertible Debt

773,395

-

(1) Includes 1,623,186 and 500,000 weighted average nonvested shares of restricted stock for the year 2014 and 2013, respectively, which are participating securities that feature voting and dividend rights.

(2) Excluded from the computation of loss per share as their impact is antidilutive.