Annual report pursuant to Section 13 and 15(d)

Loss Per Share

v3.7.0.1
Loss Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Loss Per Share

Note 15 - Loss per share

 

    The calculation of basic and diluted loss per share at December 31, 2016 and 2015 was based on the loss attributable to common shareholders of $3,303,538 and $9,311,913. The basic and diluted weighted average number of common shares outstanding for 2016 and 2015 was 5,430,205 and 5,140,920.
     
    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 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, 2016 and 2015 since the effect of options and warrants would be anti-dilutive due to the net loss attributable to the common shareholders. Instruments excluded from dilutive earnings per share, because their inclusion would be anti-dilutive, were as follows: incentive and award stock options – 259,000 for 2016 (2015: 220,500).