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, 2018

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:

	2018
	Net Loss (Numerator)			Shares (Denominator)		Per share amount
Basic loss per share	$	(4,024,222	)		127,304,856	$	(0.03	)
Effect of dilutive securities—Common stock options and warrants		-			-		-
Diluted loss per share	$	(4,024,222	)		127,304,856	$	(0.03	)

	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	)

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:

	2018		2017
Common stock options		40,496,761		38,213,427
Common stock warrants		118,046,862		127,434,122
Total common stock equivalents		158,543,623		165,647,549