| Basic and Diluted Net Income (Loss) Per Share |
NOTE 11 – 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-months ended:
| |
|
Three-months ended March 31, 2016 |
|
| |
|
|
Net Loss
(Numerator)
|
|
|
|
Shares
(Denominator)
|
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(677,746 |
) |
|
|
69,087,955 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(677,746 |
) |
|
|
69,087,955 |
|
|
$ |
(0.01 |
) |
| |
|
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 |
) |
The following outstanding shares
of common stock equivalents were excluded from the computation of diluted net loss per share for the periods presented because
including them would have been antidilutive for the periods ended:
| |
|
March 31, 2016 |
|
|
March 31, 2015 |
|
| Common stock options |
|
|
40,112,823 |
|
|
|
27,752,315 |
|
| Common stock warrants |
|
|
46,413,374 |
|
|
|
31,781,610 |
|
| Total common stock equivalents |
|
|
86,526,197 |
|
|
|
59,533,925 |
|
|