Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v3.5.0.2
EARNINGS (LOSS) PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION
 
 
 
For The Three Months
 
For The Nine Months
 
 
 
Ended September 30,
 
Ended September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Net Loss
 
$
(5,944,137)
 
$
(1,138,268)
 
$
(37,160,681)
 
$
(1,579,725)
 
Basic Weighted-Average Shares Outstanding
 
 
41,917,061
 
 
30,372,701
 
 
36,996,932
 
 
27,430,624
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Stock options
 
 
-
 
 
-
 
 
-
 
 
-
 
Diluted Weighted-Average Shares Outstanding
 
 
41,917,061
 
 
30,372,701
 
 
36,996,932
 
 
27,430,624
 
Basic Loss per Share
 
$
(0.14)
 
$
(0.04)
 
$
(1.00)
 
$
(0.06)
 
Diluted Loss per Share
 
$
(0.14)
 
$
(0.04)
 
$
(1.00)
 
$
(0.06)
 
 
Stock options to purchase 2,780,600 shares of common stock were excluded from the computation of diluted earnings per share during the three and nine months ended September 30, 2016, as their effect would have been anti-dilutive. Stock options to purchase 2,623,250 shares of common stock were excluded from the computation of diluted earnings per share during the three and nine months ended September 30, 2015, respectively, as their effect would have been anti-dilutive.