| Basic and Diluted Net Income (Loss) Per Share |
NOTE 12 – 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 June 30, 2015 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(584,265 |
) |
|
|
65,734,606 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(584,265 |
) |
|
|
65,734,606 |
|
|
$ |
(0.01 |
) |
| |
|
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 and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(2,021,070 |
) |
|
|
62,953,471 |
|
|
$ |
(0.03 |
) |
The following table sets forth
the computation of the Company’s basic and diluted net income (loss) per share for the six-months ended:
| |
|
Six-months ended June 30, 2015 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(1,700,420 |
) |
|
|
65,006,258 |
|
|
$ |
(0.03 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,700,420 |
) |
|
|
65,006,258 |
|
|
$ |
(0.03 |
) |
| |
|
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 and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(13,305,999 |
) |
|
|
56,684,609 |
|
|
$ |
(0.23 |
) |
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:
| |
|
June 30, 2015 |
|
|
June 30, 2014 |
|
| Common stock options |
|
|
32,404,391 |
|
|
|
21,373,845 |
|
| Common stock warrants |
|
|
38,800,294 |
|
|
|
28,405,782 |
|
| Total common stock equivalents |
|
|
71,204,685 |
|
|
|
49,779,627 |
|
|