Net Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Net Loss Per Share [Abstract]

Schedule of net loss per share

The following table reconciles net loss to net loss applicable to common shareholders:

	Three Months Ended June 30,						Six Months Ended June 30,						Period from June 10,2008 (inception) to June 30, 2013
	2013			2012			2013			2012
Net loss	$	(1,674,215	)	$	(667,759	)	$	(2,462,676	)	$	(1,115,907	)	$	(8,474,219	)
Net loss: Non-controlling interest		(53,441	)		(7,914	)		(78,046	)		(14,378	)		(154,307	)
Beneficial conversion charge		-			-			(2,300,000	)		-			(2,300,000	)
Net loss applicable to common stockholders	$	(1,620,774	)	$	(659,845	)	$	(4,684,630	)	$	(1,101,529	)	$	(10,619,912	)
Weighted-average number of common shares used in net loss per share applicable to common stockholders-basic and diluted		1,761,962			1,739,135			1,840,048			1,734,370			2,054,824
Net loss per share applicable to common stockholders-basic and diluted	$	(0.92	)	$	(0.38	)	$	(2.55	)	$	(0.64	)

Schedule of antidilutive securities

The following potentially dilutive securities were excluded from the calculation of diluted net loss per share due to their anti-dilutive effect):

	Three Months Ended June 30,				Six Months Ended June 30,				Period from June 10, 2008 (inception) to June 30,
	2013		2012		2013		2012		2013
Preferred stock		1,682,379		860,017		1,682,379		860,017		1,682,379
Preferred stock warrants		20,549		20,549		20,549		20,549		20,549
Outstanding stock options		644,280		572,637		644,280		572,637		644,280
Unvested restricted stock		-		7,247		-		7,247		-
Common stock warrants		32,610		32,610		32,610		32,610		32,610