Note 14 - Basic and Diluted Net Loss Per Share

12 Months Ended

Dec. 31, 2015

14.	Basic and Diluted Net Loss Per Share

Basic net loss per share is computed by dividing the net loss by the weighted average number of shares of common stock outstanding for the period. Diluted net loss per share is computed similar to basic net loss per share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if all of the Company’s potential shares, warrants and stock options had been issued and if the additional shares are dilutive.

Because of their anti-dilutive effect, all stock options and warrants for the years ended December 31, 2015 and 2014, respectively, have been excluded from the calculation of diluted net loss per share.

	Years Ended December 31,
	2015			2014
Basic and dilutive numerator:
Net loss, as reported	$	(23,820,675	)	$	(14,352,824	)
Denominator:
Weighted-average shares outstanding		18,614,968			14,299,473
Net loss per share - basic and diluted	$	(1.28	)	$	(1.00	)