Quarterly report pursuant to sections 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share

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Basic and Diluted Net Income (Loss) Per Share
3 Months Ended
Mar. 31, 2014
NET LOSS PER SHARE  
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-month periods ended:

 

    March 31, 2014     March 31, 2013  
Net loss attributable to common shareholders, basic   $ (11,284,929 )   $ (594,292 )
Net loss attributable to common shareholders, diluted   $ (11,284,929 )   $ (594,292 )
Weighted-average shares used to compute net loss                
per share attributable to common stockholders, basic     50,346,094       33,229,093  
                 
Dilutive effect of common stock options     -       -  
                 
Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted     50,346,094       33,229,093  
                 
Net loss per share attributable to common stockholders, basic   $ (0.22 )   $ (0.02 )
Net loss per share attributable to common stockholders, diluted   $ (0.22 )   $ (0.02 )

 

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:

 

 

    March 31, 2014     December 31, 2013  
Common stock options     18,980,238       15,290,486  
Common stock warrants     28,405,782       -  
Total common stock equivalents     47,386,020       15,290,486