| 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:
| |
|
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 |
) |
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 |
|
|
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 |
|
|