NET LOSS PER SHARE

6 Months Ended

Jun. 30, 2016

NOTE 10: NET LOSS PER SHARE

The Company accounts for and discloses net loss per common share in accordance with FASB ASC Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants. Because the inclusion of potential common shares would be anti-dilutive for all periods presented, diluted net loss per common share is the same as basic net loss per common share.

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three-months and six-months ended June 30, 2016 and 2015 because the effect of them would be anti-dilutive since the Company recorded net losses for both periods:

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Options to purchase common stock		5,911,359		4,312,409		5,911,359		4,312,409
Warrants to purchase common stock		6,033,426		9,644,423		6,033,426		9,644,423
Total		11,944,785		13,956,832		11,944,785		13,956,832