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Net Loss Per Common Share
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
Net Loss Per Common Share
Net Loss Per Common Share
 
Basic earnings per share are computed by dividing net loss available to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share reflects the potential dilution that could occur if stock options were exercised.
 
The following is a reconciliation of the numerator and denominator used in the basic and diluted computation of net loss per share: 

 
Three Months Ended 
 March 31
 
2018
 
2017
Numerator:
 
 
 
Net loss
$
(2,484,903
)
 
$
(2,774,180
)
 
 
 
 
Denominator:
 
 
 
Basic and diluted weighted average shares outstanding
49,863,424

 
37,368,291

 
 
 
 
Net loss per common share:
 
 
 
Basic
$
(0.05
)
 
$
(0.07
)
Diluted
$
(0.05
)
 
$
(0.07
)


The following table includes the number of common stock equivalent shares that are not included in the computation of diluted loss per share, because the Company has a net loss and the inclusion of such shares would be antidilutive.
 
 
March 31
 
 
2018
 
2017
Stock options
 
10,000

 
10,000