Quarterly report pursuant to Section 13 or 15(d)

Basic and Diluted Net Loss Per Share

v3.8.0.1
Basic and Diluted Net Loss Per Share
9 Months Ended
Sep. 30, 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:

 

    Three-months ended September 30, 2017 (Unaudited)  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (363,156 )     100,587,843     $ (0.00 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (363,156 )     100,587,843     $ (0.00 )

 

    Three-months ended September 30, 2016 (Unaudited)  
    Net Loss
(Numerator)
    Shares
(Denominator)
    Per share
amount
 
Basic loss per share   $ (482,438 )     79,581,511     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -       -       -  
Diluted loss per share   $ (482,438 )     79,581,511     $ (0.01 )

  

    Nine-months ended September 30, 2017 (Unaudited)
    Net Loss
(Numerator)
  Shares
(Denominator)
  Per share
amount
Basic loss per share   $ (1,197,035 )     92,513,317     $ (0.01 )
Effect of dilutive securities—Common stock options and warrants     -         -         -    
Diluted loss per share   $ (1,197,035 )     92,513,317     $ (0.01 )

 

    Nine-months ended September 30, 2016 (Unaudited)
    Net Loss
(Numerator)
  Shares
(Denominator)
  Per share
amount
Basic loss per share   $ (1,387,926 )     73,949,386     $ (0.02 )
Effect of dilutive securities—Common stock options and warrants     -         -         -    
Diluted loss per share   $ (1,387,926 )     73,949,386     $ (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 periods ended:

 

    September 30, 2017   September 30, 2016
    (Unaudited)   (Unaudited)
Common stock options     36,838,427       36,738,636  
Common stock warrants     127,018,546       75,842,649  
Total common stock equivalents     163,856,973       112,581,285