Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share

v2.4.0.8
Loss Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Loss Per Share
Note 11 –Loss per share
 
The calculation of basic and diluted loss per share for the six months ended June 30, 2014 and 2013 was based on a loss of $1,106,388 and $200,962 attributable to common shareholders and for the three months ended June 30, 2014 and 2013 was based on a loss of $510,799 and $261,213 attributable to commons stockholders, respectively.
 
Diluted loss per share is computed using the weighted average number of common and dilutive potential common shares outstanding during the periods presented.
 
Potential common shares consist of options and warrants. Diluted net loss per common share was the same as basic loss per common share for the three and six months ended June 30, 2014 and 2013 since the effect of options and warrants would be anti-dilutive due to the net loss attributable to the common shareholders for the periods. Instruments excluded from dilutive earnings per share, because their inclusion would be anti-dilutive, were 1,989 units of warrants and 175,000 units of options.