Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share

v3.5.0.2
Basic and Diluted Net Income (Loss) Per Share
9 Months Ended
Sep. 30, 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 three and nine-months ended:

 

    Three-months ended September 30, 2016  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (482,438 )     79,581,511     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (482,438 )     79,581,511     $ (0.01 )

 

    Three-months ended September 30, 2015  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (743,461 )     67,955,379     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (743,461 )     67,955,379     $ (0.01 )

 

    Nine-months ended September 30, 2016  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (1,387,926 )     73,949,386     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,387,926 )     73,949,386     $ (0.02 )

 

    Nine-months ended September 30, 2015  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (2,443,881 )     66,000,101     $ (0.04 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (2,443,881 )     66,000,101     $ (0.04 )

 

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:

 

    September 30, 2016     September 30, 2015  
Common stock options     36,738,636       33,118,044  
Common stock warrants     75,842,649       41,871,124  
Total common stock equivalents     112,581,285       74,989,168