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Net Loss Per Share Applicable to Common Stockholders
 3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Net Loss Per Share Applicable to Common Stockholders

 

NOTE 8 — 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 March 31,
  2012  2011 
Numerator:      
Net loss $(871,774) $(928,260)
         
Denominator:        

Weighted average common shares outstanding used in computing net loss per share:

        
Basic and diluted  4,838,214   3,935,271 
         
Net loss per share:        
Basic and diluted $(0.18) $(0.24)
         

 

 

For the quarters ended March 31, 2012 and 2011, 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 2,167,442 shares and 2,031,258 shares of common stock at March 31, 2012, and 2011, respectively, have been omitted from the net loss per share calculation.