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
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
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