Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss Per Share

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Basic and Diluted Net Loss Per Share
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Net Loss Per Share

NOTE 12 – BASIC AND DILUTED NET LOSS PER SHARE

 

The following table sets forth the computation of the Company’s basic and diluted net loss per share for the years ended December 31:

 

    2017  
    Net Loss
(Numerator) 		    Shares
(Denominator) 		    Per share
amount 		 
Basic loss per share   $ (1,985,234 )     99,951,385     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,985,234 )     99,951,385     $ (0.02 )

 

    2016  
    Net Loss
(Numerator) 		    Shares
(Denominator) 		    Per share
amount 		 
Basic loss per share   $ (1,783,705 )     76,227,524     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (1,783,705 )     76,227,524     $ (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 years ended December 31:

 

    2017     2016  
Common stock options     38,213,427       36,821,969  
Common stock warrants     127,434,122       88,365,036  
Total common stock equivalents     165,647,549       125,187,005