| 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 and six-months ended:
| |
|
Three-months ended June 30, 2016 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(227,742 |
) |
|
|
73,116,801 |
|
|
$ |
(0.00 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(227,742 |
) |
|
|
73,116,801 |
|
|
$ |
(0.00 |
) |
| |
|
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 |
) |
| |
|
Six-months ended June 30, 2016 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(905,488 |
) |
|
|
71,102,378 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(905,488 |
) |
|
|
71,102,378 |
|
|
$ |
(0.01 |
) |
| |
|
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 |
) |
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:
| |
|
June 30, 2016 |
|
|
June 30, 2015 |
|
| Common stock options |
|
|
36,610,858 |
|
|
|
32,404,391 |
|
| Common stock warrants |
|
|
67,016,015 |
|
|
|
38,800,294 |
|
| Total common stock equivalents |
|
|
103,626,873 |
|
|
|
71,204,685 |
|
|
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 |
|
|