(4) LOSS PER SHARE

Basic loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method. For the three months ended March 31, 2016 and 2015, the potential common stock equivalents totaled 2,218,250 and 1,267,500, respectively, and were excluded from the dilutive loss per share calculation as their impacts were antidilutive.

The calculation of basic and diluted loss per share for the three months ended March 31, 2016 and 2015 is as follows:

	Three months ended
	March 31,
	2016		2015
Basic:
Net loss applicable to common stockholders	$	(444)	$	(896)
Weighted average shares outstanding – basic		31,271,234		31,271,234
Net loss per share – basic	$	(0.01)	$	(0.03)

Diluted:
Net loss applicable to common stockholders	$	(444)	$	(896)
Weighted average shares outstanding – basic		31,271,234		31,271,234
Dilutive securities		-		-
Weighted average shares outstanding – diluted		31,271,234		31,271,234
Net loss per share – diluted	$	(0.01)	$	(0.03)