Annual report pursuant to Section 13 and 15(d)

3. Loss per Share (Tables)

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3. Loss per Share (Tables)
12 Months Ended
Dec. 31, 2015
Loss Per Share Tables  
Computation of basic and diluted net loss per share
      Year Ended  
      Year Ended December 31,  
      2015     2014  
Numerator              
Net loss     $ (8,229,825 )   $ (2,567,142 )
Dividends on Series A-1, A-2 and A-4 Convertible Preferred Stock       (403,600 )     (403,600 )
Dividends declared on Series B-2 Convertible Preferred Stock       (1,174,620 )     (1,342,603 )
Gain on nominal warrants       (1,930,083 )     (2,254,172 )
Adjusted loss attributable to common stockholders     $ (11,738,128 )   $ (6,567,517 )
                   
Denominator                  
Basic and diluted weighted average common shares outstanding       8,873,766       7,132,427  
Loss per share                  
Basic and diluted     $ (1.32 )   $ (0.92 )
Shares excluded from the calculation of diluted earnings per share
    Year Ended December 31,  
    2015     2014  
Warrants     3,011,760       3,436,775  
Convertible preferred stock     3,825,942       4,512,316  
Stock options     1,158,251       607,877  
      7,995,953       8,556,968