NET LOSS PER SHARE OF COMMON STOCK (Tables)

6 Months Ended

Jun. 30, 2014

NET LOSS PER SHARE OF COMMON STOCK

Schedule of computation of basic and diluted loss per share for common stockholders

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Net loss	$	(19,365,662	)	$	(375,953	)	$	(22,304,080	)	$	(647,283	)
Weighted average shares of common stock outstanding	7,604,503			3,916,774			7,255,648			3,740,593
Net loss per share of common stock – basic and diluted	$	(2.55	)	$	(0.10	)	$	(3.07	)	$	(0.17	)

Schedule of securities outstanding excluded from the calculation of weighted average shares outstanding

	June 30, 2014	June 30, 2013
Non-vested stock issued (see Note 9 – Stockholders’ Equity)	—	821,429
Common stock options	2,141,807	—