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Loss per Share

9 Months Ended

Sep. 30, 2018

10. LOSS PER SHARE

Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the year. Diluted loss per share is computed by dividing net loss by the weighted-average number of common shares and dilutive potential common shares outstanding during the three and nine months ended September 30, 2018 and 2017.

	For the Three Months Ended September 30,
	2018			2017

Numerator:
Net loss	$	(218,573	)		(3,387,096	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding - Basic		213,926,475			213,746,647
Stock options		-			-
Weighted-average shares outstanding - Diluted		213,926,475			213,746,647

Loss per share
-Basic		(0.00	)		(0.02	)
-Diluted		(0.00	)		(0.02	)

	For the Nine Months Ended September 30,
	2018			2017

Numerator:
Net loss	$	(795,195	)		(3,861,646	)

Denominator:
Weighted-average shares outstanding:
Weighted-average shares outstanding - Basic		213,869,826			213,178,790
Stock options		-			-
Weighted-average shares outstanding - Diluted		213,869,826			213,178,790

Loss per share
-Basic		(0.00	)		(0.02	)
-Diluted		(0.00	)		(0.02	)

Diluted loss per share takes into account the potential dilution that could occur if securities or other contracts to issue common stock were exercised and converted into common stock. As the Company has incurred net losses for the three and nine months ended September 30, 2018 and 2017, the Company did not include dilutive common equivalent shares in the computation of diluted net loss per share because the effect would have been anti-dilutive.