For the three months ended

For the nine months ended

September 30,

September 30,

2014

2013

2014

2013

Net Loss

$ (791,954)

$ (718,840)

$ (2,987,448)

$ (2,261,776)

Basic and diluted:

Preferred stock cumulative dividend - Series A

--

--

--

--

Preferred stock cumulative dividend - Series B (1)

--

8,551

(62,227)

25,373

Preferred stock cumulative dividend - Series C

--

4,073

2,200

12,087

Preferred stock cumulative dividend - Series D

53,054

201,136

172,235

201,136

Income applicable to preferred stockholders

53,054

213,760

112,208

238,596

Deemed dividend

26,832

--

26,832

--

Net loss applicable to common stockholders

$ (871,840)

$ (932,600)

$ (3,126,488)

$ (2,500,372)