QUOTED
Net Loss and Operating Loss
Our operating loss for the period from January 25, 2012 (inception) to December 31, 2012 was $1,725,086. Our operating loss for the year ended December 31, 2013 was $4,881,849. Our net loss for the period from January 25, 2012 (inception) to December 31, 2012 was $1,558,650. Our net loss for the year ended December 31, 2013 was $10,597,529. Our net loss for the year ended December 31, 2013 consisted of $1,345,414 of interest expense and $4,370,266 loss due to derivative liabilities associated with our convertible notes and warrants.
