| Basic and Diluted Net Income (Loss) Per Share |
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 nine-months ended:
| |
|
Year ended December 31, 2015 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(4,257,875 |
) |
|
|
66,873,761 |
|
|
$ |
(0.06 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted loss per share |
|
$ |
(4,257,875 |
) |
|
|
66,873,761 |
|
|
$ |
(0.06 |
) |
| |
|
Year ended December 31, 2014 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(16,994,625 |
) |
|
|
60,225,524 |
|
|
$ |
(0.28 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Diluted loss per share |
|
$ |
(16,994,625 |
) |
|
|
60,225,524 |
|
|
$ |
(0.28 |
) |
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:
| |
|
December 31, 2015 |
|
|
December 31, 2014 |
|
| Common stock options |
|
|
34,167,354 |
|
|
|
26,156,553 |
|
| Common stock warrants |
|
|
46,445,212 |
|
|
|
28,435,782 |
|
| Total common stock equivalents |
|
|
80,612,566 |
|
|
|
54,592,335 |
|
|