Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss Per Share (Tables)

Basic and Diluted Net Loss Per Share (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of Basic and Diluted Net Income (loss)

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the:

	Three-months ended March 31, 2017
	(Unaudited)
	Net Loss (Numerator)			Shares (Denominator)		Per share amount
Basic loss per share	$	(450,836	)		86,491,377	$	(0.01	)
Effect of dilutive securities—Common stock options and warrants		-			-		-
Diluted loss per share	$	(450,836	)		86,491,377	$	(0.01	)

	Three-months ended March 31, 2016
	(Unaudited)
	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	)

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:

	March 31, 2017		March 31, 2016
	(Unaudited)		(Unaudited)
Common stock options		36,900,094		40,112,823
Common stock warrants		95,205,057		46,413,374
Total common stock equivalents		132,105,151		86,526,197