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Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
Summary of Fair Value of Option Estimated Using Black-Scholes Pricing Model with Valuation Assumptions

For options granted during the three months ended March 31, 2015, the fair value of each option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

Risk-free interest rate     1.3 %
Expected dividend yield     0 %
Expected volatility     249 %
Expected life     5 years  

 

For options granted during the three months ended March 31, 2014, the fair value of each option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

Risk-free interest rate     1.5% to 2.7 %
Expected dividend yield     0 %
Expected volatility     200 %
Expected life     5-10 years  

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

At March 31, 2015 and 2014, the Company excluded the outstanding securities summarized below, which entitle the holders thereof to acquire shares of common stock, from its calculation of earnings per share, as their effect would have been anti-dilutive.

 

    March 31,  
    2015     2014  
Series B convertible preferred stock     3,679       3,679  
Series G 1.5% convertible preferred stock     257,760,939       228,372,117  
10% convertible notes payable     17,034,702        
Common stock warrants     32,106,094       4,000,000  
Common stock options     26,216,668       9,466,668  
Total     333,122,082       241,842,464