For the three months ended

For the six months ended

June 30,

June 30,

2014

2013

2014

2013

Net Loss

$ (851,216)

$ (726,571)

$ (2,195,495)

$ (1,542,936)

Basic and diluted:

Preferred stock cumulative dividend - Series A

--

715

--

1,421

Preferred stock cumulative dividend - Series B (1)

670

27,868

(62,227)

55,429

Preferred stock cumulative dividend - Series C

296

13,204

2,200

26,262

Preferred stock cumulative dividend - Series D

60,169

--

119,181

--

Income applicable to preferred stockholders

61,135

41,787

59,154

83,112

Net loss applicable to common stockholders

$ (912,351)

$ (768,358)

$ (2,254,649)

$ (1,626,048)