Annual report pursuant to Section 13 and 15(d)

Basic and Diluted Net Loss Per Share (Tables)

Basic and Diluted Net Loss Per Share (Tables)

12 Months Ended

Dec. 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 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	)

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 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