Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule Of Pre Tax Earnings

Pre-tax earnings consisted of the following for the years ended December 31, 2014 and 2013:

December 31,	2014		2013
Pre-Tax (Loss) Earnings
U.S.	$	(7,868,858)	$	(10,146,228)
Outside the U.S.		—		—
Total Pre-Tax (Loss) Earnings	$	(7,868,858)	$	(10,146,228)

Schedule of Components of Income Tax Expense (Benefit)

The provision (benefit) for income taxes for the years ended December 31, 2014 and 2013 was as follows:

		2014		2013
U.S. Income Taxes
Current Provision	$	—	$	—
Deferred Provision		—		—
Income Taxes Outside the U.S.
Current Provision		—		—
Deferred Provision		—		—
State Income Taxes
Current Provision		—		—
Deferred Provision		—		—
Total Provision	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

A reconciliation of the statutory U.S. federal income tax rate to the effective rates for the years ended December 31, 2014 and 2013 is as follows:

	2014			2013
Federal Income Tax at Statutory Rate		34.0	%		34.4	%
State Tax Provision, Net of Federal Benefit		0.2	%		0.5	%
Foreign Income Taxed at Other Than 34%		(0.0)	%		(0.2)	%
Loss on Derivative Valuation		(11.1)	%		(12.2)	%
Change in Rate Assumptions		0.0	%		41.0	%
Other		(2.2)	%		(0.3)	%
Effective Tax Rate		20.9	%		63.2	%
Change in Valuations Allowance		(20.9)	%		(63.2)	%
Net Effective Tax Rate		0.0	%		0.0	%

Schedule of Deferred Tax Assets and Liabilities

Deferred tax assets (liabilities) for the years ended December 31, 2014 and 2013 consist of the following:

	2014		2013
Deferred Tax Assets
Net Operating Loss Carry-forwards		11,418,496		9,739,496
Tax Credit Carry-forwards		1,433,229		1,466,429
Other		876,606		486,497
Total Deferred Tax Assets	$	13,728,331	$	11,692,422
Deferred Tax Liabilities
Other		614,027		226,344
Net Deferred Tax Assets Before Valuation Allowance	$	13,114,304	$	11,466,078
Valuation Allowance		(13,114,304)		(11,466,078)
Net Deferred Tax Assets	$	—	$	—