Quarterly report pursuant to Section 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, 2015
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share

NOTE 13 – BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

 

The following tables set forth the computation of the Company’s basic and diluted net income (loss) per share for the three-months ended:

 

    Three-months ended March 31, 2015  
    Net Loss
  (Numerator) 		    Shares
(Denominator) 		    Per share
  amount 		 
Basic loss per share   $ (1,116,155 )     64,269,818     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,116,155 )     64,269,818     $ (0.02 )

 

    Three-months ended March 31, 2014  
    Net Loss
  (Numerator) 		    Shares
  (Denominator) 		    Per share
  amount 		 
Basic loss per share   $ (11,284,929 )     50,346,094     $ (0.22 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (11,284,929 )     50,346,094     $ (0.22 )

 

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 years ended:

 

    March 31, 2015     March 31, 2014  
Common stock options     27,752,315       18,980,238  
Common stock warrants     31,781,610       28,405,782  
Total common stock equivalents     59,533,925       47,386,020