Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v2.4.1.9
Loss Per Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Loss Per Share

Note 13 - Loss per share

 

The calculation of basic and diluted loss per share at December 31, 2014 and 2013 was based on the loss attributable to common shareholders of $3,142,960 and $1,526,773. The basic and diluted weighted average number of common shares outstanding for 2014 and 2013 was 4,745,684 and 1,596,722.

 

Diluted net loss per share is computed using the weighted average number of common and dilutive potential common shares outstanding during the period.

 

Potential common shares consist of preferred stocks, options and warrants. Diluted net loss per common share was the same as basic net loss per common share for the years ended December 31, 2014 and 2013 since the effect of preferred stocks, options and warrants would be anti-dilutive due to the net loss attributable to the common shareholders for the years. Instruments excluded from dilutive earnings per share, because their inclusion would be anti-dilutive, were as follows: incentive and award stock options – 175,000 (2013: -); warrants 1,989 (2013: 1,989).