| 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 September 30, 2014 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(1,880,394 |
) |
|
|
63,610,949 |
|
|
$ |
(0.03 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,880,394 |
) |
|
|
63,610,949 |
|
|
$ |
(0.03 |
) |
| |
|
Three-months ended September 30, 2013 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(1,348,340 |
) |
|
|
33,229,093 |
|
|
$ |
(0.04 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,348,340 |
) |
|
|
33,229,093 |
|
|
$ |
(0.04 |
) |
The following table sets
forth the computation of the Company’s basic and diluted net income (loss) per share for the nine-month periods ended:
| |
|
Nine-months ended September 30, 2014 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(15,186,393 |
) |
|
|
59,019,453 |
|
|
$ |
(0.26 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(15,186,393 |
) |
|
|
59,019,453 |
|
|
$ |
(0.26 |
) |
| |
|
Nine-months ended September 30, 2013 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(2,849,861 |
) |
|
|
33,229,093 |
|
|
$ |
(0.09 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(2,849,861 |
) |
|
|
33,229,093 |
|
|
$ |
(0.09 |
) |
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 nine-month periods ended:
| |
|
September 30, 2014 |
|
|
September 30, 2013 |
|
| Common stock options |
|
|
23,762,946 |
|
|
|
15,050,500 |
|
| Common stock warrants |
|
|
28,405,782 |
|
|
|
- |
|
| Total common stock equivalents |
|
|
52,168,728 |
|
|
|
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 |
|
|