Capital Stock (Tables)

9 Months Ended

Sep. 30, 2014

Capital Stock (Tables)

Company's Nonvested Shares

A summary of the status of the Company’s non-vested shares as of September 30, 2014 and changes during the nine months then ended, is presented below:

	Non-vested Shares of		Weighted Average
	Common Stock		Fair Value
Balance at December 31, 2013		1,297,722	$	0.50
Awarded		924,140		0.50
Vested		(1,326,429)		0.50
Balance at September 30, 2014		895,433	$	0.50

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

Total stock-based compensation expense from all sources for the three and nine months ended September 30, 2014 and 2013 has been included in the condensed consolidated statements of operations as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2014		2013		2014		2013
Research and development expense	$	87,780	$	142,147	$	198,826	$	142,147
Selling, general and administrative expense		85,353		44,916		526,511		54,666
Total stock-based compensation	$	173,133	$	187,063	$	725,337	$	196,813