Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Income (Loss) Per Share (Tables)

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Basic and Diluted Net Income (Loss) Per Share (Tables)
6 Months Ended
Jun. 30, 2014
NET LOSS PER SHARE  
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-month periods ended:

 

    Three-months ended June 30, 2014  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (2,021,070 )     62,953,471     $ (0.03 )
Effect of dilutive securities—Common stock options     -       -       -  
Diluted loss per share   $ (2,021,070 )     62,953,471     $ (0.03 )

 

    Three-months ended June 30, 2013  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (907,229 )     33,229,093     $ (0.03 )
Effect of dilutive securities—Common stock options     -       -       -  
Diluted loss per share   $ (907,229 )     33,229,093     $ (0.03 )

 

The following table sets forth the computation of the Company’s basic and diluted net income (loss) per share for the six-month periods ended:

 

    Six-months ended June 30, 2014  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (13,305,999 )     56,684,609     $ (0.23 )
Effect of dilutive securities—Common stock options     -       -       -  
Diluted loss per share   $ (13,305,999 )     56,684,609     $ (0.23 )

 

    Six-months ended June 30, 2013  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (1,501,521 )     33,229,093     $ (0.05 )
Effect of dilutive securities—Common stock options     -       -       -  
Diluted loss per share   $ (1,501,521 )     33,229,093     $ (0.05 )

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 years presented because including them would have been antidilutive for the three and six-month periods ended:

 

    June 30, 2014     June 30, 2013  
Common stock options     21,373,845       15,050,500  
Common stock warrants     28,405,782       -  
Total common stock equivalents     49,779,627       15,050,500