| Schedule of Basic and Diluted Net Income (Loss) |
The following table sets
forth the computation of the Company’s basic and diluted net income (loss) per share for the three and nine-months ended:
| |
|
Three-months ended September 30, 2016 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(482,438 |
) |
|
|
79,581,511 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(482,438 |
) |
|
|
79,581,511 |
|
|
$ |
(0.01 |
) |
| |
|
Three-months ended September 30, 2015 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(743,461 |
) |
|
|
67,955,379 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(743,461 |
) |
|
|
67,955,379 |
|
|
$ |
(0.01 |
) |
| |
|
Nine-months ended September 30, 2016 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(1,387,926 |
) |
|
|
73,949,386 |
|
|
$ |
(0.02 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(1,387,926 |
) |
|
|
73,949,386 |
|
|
$ |
(0.02 |
) |
| |
|
Nine-months ended September 30, 2015 |
|
| |
|
Net Loss
(Numerator)
|
|
|
Shares
(Denominator)
|
|
|
Per share
amount
|
|
| Basic loss per share |
|
$ |
(2,443,881 |
) |
|
|
66,000,101 |
|
|
$ |
(0.04 |
) |
| Effect of dilutive securities—Common stock options and warrants |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted loss per share |
|
$ |
(2,443,881 |
) |
|
|
66,000,101 |
|
|
$ |
(0.04 |
) |
|
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 |
) |
|
| Schedule of Computation of Diluted Net Income (Loss) Per Share |
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:
| |
|
September 30, 2016 |
|
|
September 30, 2015 |
|
| Common stock options |
|
|
36,738,636 |
|
|
|
33,118,044 |
|
| Common stock warrants |
|
|
75,842,649 |
|
|
|
41,871,124 |
|
| Total common stock equivalents |
|
|
112,581,285 |
|
|
|
74,989,168 |
|
|
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 |
|
|