Quarterly report pursuant to Section 13 or 15(d)

EARNINGS PER SHARE INFORMATION

v2.4.0.8
EARNINGS PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2013
EARNINGS PER SHARE INFORMATION  
EARNINGS PER SHARE INFORMATION

NOTE 2 – LOSS PER SHARE INFORMATION

 

 

 

 

 

 

For The Three Months

 

For The Nine Months

 

 

 

 

 

Ended September 30,

 

Ended September 30,

 

 

 

 

 

2013

 

2012

 

2013

 

2012

Net Loss

 

 

$

(131,493)

$

(631,453)

$

(1,987,166)

$

(1,803,104)

Basic Weighted-Average Shares Outstanding

 

17,801,313

 

11,433,730

 

15,473,339

 

6,172,504

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock options

 

 

 

-

 

-

 

-

 

-

Diluted Weighted-Average Shares Outstanding

 

17,801,313

 

11,433,730

 

15,473,339

 

6,172,504

Basic Loss per Share

$

(0.01)

$

(0.06)

$

(0.13)

$

(0.29)

Diluted Loss per Share

 

$

(0.01)

$

(0.06)

$

(0.13)

$

(0.29)

 

Stock options to purchase 2,562,500 shares of common stock were excluded from the computation of diluted loss per share during the three and nine months ended September 30, 2013 as their effect would have been anti-dilutive.  Stock options to purchase 1,125,000 shares of common stock were excluded from the computation of diluted loss per share during the three and nine months ended September 30, 2012 as their effect would have been anti-dilutive.