For the three months ended

September 30,

For the nine months ended

September 30,

2015

2014

2015

2014

Net Loss

$ (295,743)

$ (791,954)

$ (2,991,461)

$ (2,987,448)

Basic and diluted:

Preferred stock cumulative dividend - Series B ⁽¹⁾

--

--

--

(62,227)

Preferred stock cumulative dividend - Series C

--

--

--

2,200

Preferred stock cumulative dividend - Series D

10,824

53,054

32,119

172,235

Income applicable to preferred stockholders

10,824

53,054

32,119

112,208

Deemed dividend

--

26,832

--

26,832

Net loss applicable to common stockholders

$ (306,567)

$ (871,840)

$ (3,023,580)

$ (3,126,488)