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, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

NOTE 13 – 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 nine-months ended:

 

    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 )

 

    Year ended December 31, 2014  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (16,994,625 )     60,225,524     $ (0.28 )
                         
Effect of dilutive securities—Common stock options and warrants     -       -       -  
                         
Diluted loss per share   $ (16,994,625 )     60,225,524     $ (0.28 )

 

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

 

    December 31, 2015     December 31, 2014  
Common stock options     34,167,354       26,156,553  
Common stock warrants     46,445,212       28,435,782  
Total common stock equivalents     80,612,566       54,592,335