Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Income (Loss) Per Share

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Basic and Diluted Net Income (Loss) Per Share
12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

NOTE 12 – BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

 

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the:

 

    Year ended December 31, 2016  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (1,783,705 )     76,227,524     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,783,705 )     76,227,524     $ (0.02 )

 

    Year ended December 31, 2015  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (4,257,875 )     66,873,761     $ (0.06 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (4,257,875 )     66,873,761     $ (0.06 )

 

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive for the years ended December 31:

 

    2016     2015  
Common stock options     36,821,969       34,167,354  
Common stock warrants     88,365,036       47,003,962  
Total common stock equivalents     125,187,005       81,171,316