Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss Per Share

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Basic and Diluted Net Loss Per Share
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

NOTE 12 – BASIC AND DILUTED NET LOSS PER SHARE

 

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

 

    Three-months ended March 31, 2017  
    (Unaudited)  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share 
amount
 
Basic loss per share   $ (450,836 )     86,491,377     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (450,836 )     86,491,377     $ (0.01 )

 

    Three-months ended March 31, 2016  
    (Unaudited)  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (677,746 )     69,087,955     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (677,746 )     69,087,955     $ (0.01 )

 

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:

 

    March 31, 2017     March 31, 2016  
    (Unaudited)     (Unaudited)  
Common stock options     36,900,094       40,112,823  
Common stock warrants     95,205,057       46,413,374  
Total common stock equivalents     132,105,151       86,526,197