For the three months

ended

June 30,

For the six months

ended

June 30,

For the period

from March 29,

2011 (date of inception)

through

June 30,

2013

2012

2013

2012

2013

Net Loss

$ (726,571)

$ (475,079)

$ (1,542,936)

$ (1,055,716)

$ (4,924,571)

Basic and diluted:

Preferred stock cumulative dividend - Series A

715

9,945

1,421

19,890

6,338

Preferred stock cumulative dividend - Series B

27,868

59,672

55,429

119,344

189,254

Preferred stock cumulative dividend - Series C

13,204

-

26,262

-

47,591

Net income available to preferred stockholders

41,787

69,617

83,112

139,234

243,183

Net loss attributable to common stockholders

(768,358)

(544,696)

(1,626,048)

(1,194,950)

(5,167,754)