Annual report pursuant to section 13 and 15(d)

Basic and Diluted Net Income (Loss) Per Share

Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2013

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 years ended December 31,:

	2013			2012
Net loss attributable to common shareholders, basic	$	(4,361,165	)	$	(2,543,390	)
Net loss attributable to common shareholders, diluted	$	(4,361,165	)	$	(2,543,390	)
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic		9,488,227			9,488,227

Dilutive effect of common stock options		-			-
Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted		9,488,227			9,488,227

Net loss per share attributable to common stockholders, basic	$	(0.46	)	$	(0.27	)
Net loss per share attributable to common stockholders, diluted	$	(0.46	)	$	(0.27	)

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:

		December 31, 2013				December 31, 2012
Common stock options			15,290,486				15,290,486