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EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2018

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share in 2018 and 2017 utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

	12/31/2018			12/31/2017
Numerator for Basic and Diluted Earnings Per Share:
Net (loss) income	$	(8,842,077	)	$	(6,209,768	)
Denominator for Basic Earnings Per Share:
Weighted Average Shares		13,306,612			12,780,813
Potentially Dilutive Common Shares		-			-
Adjusted Weighted Average Shares		13,306,612			12,780,813
Basic and Diluted Net (Loss) Income per Share		(0.66	)		(0.49	)

The following table summarized the potential shares of Common Stock that were excluded from the computation of diluted net loss per share for the years ended December 31, 2018 and 2017 as such shares would have had an anti-dilutive effect:

	2018		2017
Common Stock Warrants		144,338		38,824
Common Stock Options		60,437		16,240
Convertible Debt		52,381		622,142
Total		257,155		677,206