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Net Loss Per Share (Tables)
12 Months Ended
Dec. 31, 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:


               

 

 

For the year ended

December 31,

 

 

 

2013

 

2012

 

Net loss

 

$

(6,609,864

)

$

(2,471,147

)

Net loss: Non-controlling interest

 

 

(198,516

 

(50,947

)

Beneficial conversion charge

    

 

(2,300,000

)

 

-

 

Preferred Stock Dividend

 

 

(361,668

)

 

-

 

Net loss applicable to common stockholders

 

$

(9,073,016

)

$

(2,420,200

)

 

 

 

 

 

 

 

 

Weighted-average number of common shares used in net loss per share applicable to common stockholders-basic and diluted

 

 

3,747,357

 

 

1,831,769

 

Net loss per share applicable to common stockholders-basic and diluted

 

$

(2.42

)

$

(1.32

)


Schedule of Potentially Dilutive Securities

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


                 

 

 

 

For the year ended

December 31,

 

 

 

 

2013

 

2012

 

Preferred stock (on an as converted basis)

 

 

 

-

 

 

860,017

 

Preferred stock warrants

 

 

  

-

 

  

20,549

 

Outstanding stock options

 

 

 

633,482

 

 

590,047

 

Unvested restricted stock

 

 

 

-

 

 

2,899

 

Common stock warrants

 

 

 

53,159

 

 

32,610