For the year

ended

December 31,

2014

For the year

ended

December 31,

2013

Net Loss

$ (4,526,250)

$ (3,068,701)

Basic and diluted:

Preferred stock cumulative dividend - Series A ⁽¹⁾

--

(68,490)

Preferred stock cumulative dividend - Series B ⁽¹⁾

(62,227)

(224,458)

Preferred stock cumulative dividend - Series C

2,200

69,096

Preferred stock cumulative dividend - Series D

230,542

245,154

Deemed dividend - inducement premium

1,332,376

--

Income applicable to preferred stockholders

1,502,891

21,302

Net loss applicable to common stockholders

$ (6,029,141)

$ (3,090,003)