Quarterly report pursuant to sections 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share (Tables)

Basic and Diluted Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Basic and Diluted Net Income (Loss)

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the three-month periods ended:

	March 31, 2014			March 31, 2013
Net loss attributable to common shareholders, basic	$	(11,284,929	)	$	(594,292	)
Net loss attributable to common shareholders, diluted	$	(11,284,929	)	$	(594,292	)
Weighted-average shares used to compute net loss
per share attributable to common stockholders, basic		50,346,094			33,229,093

Dilutive effect of common stock options		-			-

Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted		50,346,094			33,229,093

Net loss per share attributable to common stockholders, basic	$	(0.22	)	$	(0.02	)
Net loss per share attributable to common stockholders, diluted	$	(0.22	)	$	(0.02	)

Schedule of Computation of Diluted Net Income Loss Per Share

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the years presented because including them would have been antidilutive:

	March 31, 2014		December 31, 2013
Common stock options		18,980,238		15,290,486
Common stock warrants		28,405,782		-
Total common stock equivalents		47,386,020		15,290,486