Year Ended
December 31,

2015

2014

Numerator:

Net loss available in basic and diluted calculation

$

(4,790,530

)

$

(6,833,568

)

Denominator:

Weighted average common shares outstanding-basic

3,880,828

2,990,471

Effect of dilutive stock options, warrants and preferred stock (1)

-

Weighted average common shares outstanding-diluted

3,880,828

2,990,471

Loss per common share-basic and diluted

$

(1.23

)

$

(2.29

)