Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share (Tables)

v3.5.0.2
Basic and Diluted Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Net Income (Loss)

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

 

    Three-months ended June 30, 2016  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (227,742 )     73,116,801     $ (0.00 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (227,742 )     73,116,801     $ (0.00 )

    Three-months ended June 30, 2015  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (584,265 )     65,734,606     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (584,265 )     65,734,606     $ (0.01 )

 

    Six-months ended June 30, 2016  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (905,488 )     71,102,378     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (905,488 )     71,102,378     $ (0.01 )

 

    Six-months ended June 30, 2015  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (1,700,420 )     65,006,258     $ (0.03 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,700,420 )     65,006,258     $ (0.03 )

Schedule of Computation of Diluted Net Income (Loss) Per Share

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 periods ended:

 

    June 30,
2016
    June 30,
2015
 
Common stock options     36,610,858       32,404,391  
Common stock warrants     67,016,015       38,800,294  
Total common stock equivalents     103,626,873       71,204,685