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Net Loss Per Share Applicable to Common Stockholders
 6 Months Ended
Jun. 30, 2011
Net Loss Per Share Applicable to Common Stockholders

 

NOTE 9 — Net Loss Per Share Applicable to Common Stockholders

 

The following table sets forth the computation of basic and diluted net loss per share:

 

   Three Months Ended
June 30,		  Six Months Ended
June 30,
   2011  2010  2011  2010
Numerator:                    
Net loss  $(392,177)  $(575,762)  $(1,320,437)  $(1,614,563)
                     
Denominator:                    
Weighted average common shares outstanding used in computing net loss per share:                    
Basic and Diluted   4,233,519    3,793,768    4,084,395    3,791,379 
                     
Net loss per share:                    
Basic and Diluted  $(0.09)  $(0.15)  $(0.32)  $(0.43)

 

 

For the three and six months ended June 30, 2011 and 2010, the diluted net loss per share is equal to the basic net loss per share because the Company experienced losses in these periods. Thus no potential common shares underlying stock options and warrants have been included in the net loss per share calculation, as their effect is anti-dilutive. Options and warrants to purchase 2,053,078 shares and 1,400,793 shares of common stock at June 30, 2011, and 2010, respectively, have been omitted from the net loss per share calculation.