| 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-month periods ended:
| |
|
Three-months ended June 30, 2014 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(2,021,070 |
) |
|
|
62,953,471 |
|
|
$ |
(0.03 |
) |
| Effect of dilutive securities—Common stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(2,021,070 |
) |
|
|
62,953,471 |
|
|
$ |
(0.03 |
) |
| |
|
Three-months ended June 30, 2013 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(907,229 |
) |
|
|
33,229,093 |
|
|
$ |
(0.03 |
) |
| Effect of dilutive securities—Common stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(907,229 |
) |
|
|
33,229,093 |
|
|
$ |
(0.03 |
) |
The following table sets
forth the computation of the Company’s basic and diluted net income (loss) per share for the six-month periods ended:
| |
|
Six-months ended June 30, 2014 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(13,305,999 |
) |
|
|
56,684,609 |
|
|
$ |
(0.23 |
) |
| Effect of dilutive securities—Common stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(13,305,999 |
) |
|
|
56,684,609 |
|
|
$ |
(0.23 |
) |
| |
|
Six-months ended June 30, 2013 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(1,501,521 |
) |
|
|
33,229,093 |
|
|
$ |
(0.05 |
) |
| Effect of dilutive securities—Common stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,501,521 |
) |
|
|
33,229,093 |
|
|
$ |
(0.05 |
) |
|
| 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 years presented because
including them would have been antidilutive for the three and six-month periods ended:
| |
|
June 30, 2014 |
|
|
June 30, 2013 |
|
| Common stock options |
|
|
21,373,845 |
|
|
|
15,050,500 |
|
| Common stock warrants |
|
|
28,405,782 |
|
|
|
- |
|
| Total common stock equivalents |
|
|
49,779,627 |
|
|
|
15,050,500 |
|
|