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Net Loss Per Common Share
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Net Loss Per Common Share
3. Net Loss Per Common Share

 

The Company calculates net loss per common share in accordance with ASC 260 “Earnings Per Share” (“ASC 260”). Basic and diluted net loss per common share was determined by dividing net loss applicable to common stockholders (adjusted for conversion and beneficial conversion feature of preferred stock) by the weighted average number of shares of common stock outstanding during the period.

 

The following potentially dilutive shares of common stock have not been included in the computation of diluted net loss per share for the nine months ended September 30, 2016 and 2017, as the result would be anti-dilutive:

 

   

September 30,

2016

   

September 30,

2017

 
Stock options     393,723       381,786  
6% Convertible Exchangeable preferred stock     1,698       1,698  
Series A convertible preferred stock     -       332,000  
Common stock warrants     -       7,590,000  
Total shares excluded from calculation     395,421       8,305,484