Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2015
Accounting Policies [Abstract]  
Schedule of the liabilities measured at fair value on a recurring basis

The following table provides a summary of the liabilities that are measured at fair value on a recurring basis at December 31, 2014, consisting of certain Financing Warrants and the conversion feature of the Company’s Convertible Notes, both of which are more fully described in Note 6:

 

                                 
    Total     Level 1     Level 2     Level 3  
Derivative liabilities                                
                                 
Conversion feature   $ 1,108,955     $     $     $ 1,108,955  
Financing Warrants     275,827                   275,827  
                                 
Total   $ 1,384,782     $     $     $ 1,384,782  
Schedule of potentially dilutive securities

Potentially dilutive securities in the table below have been excluded from the computation of diluted net loss per share because the effect of their inclusion would have been anti-dilutive.

 

    For the Three Months
Ended
September 30,
2015
    For the Nine
Months
Ended
September 30,
2015
    For the Period
June 20, 2014
(Inception
Through
September 30,
2014
 
Consulting Warrants to purchase common stock     436,364       436,364        
                         
Options to purchase common stock     596,253       376,040        
                         
Financing, IPO and O-A Warrants to purchase common stock     712,977       384,504        
                         
Total potential dilutive securities     1,745,594       1,196,908