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Net Loss Per Share
9 Months Ended
Sep. 30, 2011
Net Loss Per Share

NOTE 9 — Net Loss Per Share

 

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

 

   Three Months Ended
September 30,		  Nine Months Ended
September 30,
   2011  2010  2011  2010
Numerator:                    
Net loss  $(727,369)  $(767,054)  $(2,047,806)  $(2,381,617)
                     
Denominator:                    
Weighted average common shares outstanding used in computing net loss per share:                    
Basic and Diluted   4,439,997    3,797,988    4,202,929    3,793,582 
                     
Net loss per share:                    
Basic and Diluted  $(0.16)  $(0.20)  $(0.49)  $(0.63)

 

 

For the three and nine months ended September 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 2,051,730 and 1,356,572 shares of common stock at September 30, 2011, and 2010, respectively, have been omitted from the net loss per share calculation.