For the year

ended December

 31, 2013

For the year

ended December

 31, 2012

For the period

from March 29,

 2011 (date of

inception)

through

December 31,

2013

Net Loss

$ (3,068,701)

$ (2,440,538)

$ (6,450,336)

Basic and diluted:

Preferred stock cumulative dividend - Series A (1)

(68,490)

39,998

-

Preferred stock cumulative dividend - Series B (1)

(224,458)

240,000

62,227

Preferred stock cumulative dividend - Series C

69,096

49,172

118,268

Preferred stock cumulative dividend - Series D

245,154

-

245,154

Net income applicable to preferred stockholders

21,302

329,170

425,649

Net loss applicable to common stockholders

$ (3,090,003)

$ (2,769,708)

$ (6,875,985)