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Net Loss Per Share Applicable to Common Stockholders
 6 Months Ended
Jun. 30, 2012
Net loss per share:  
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
June 30,		  Six Months Ended
June 30,
   2012  2011  2012  2011
Numerator:                    
Net loss  $(755,400)  $(392,177)  $(1,627,174)  $(1,320,437)
                     
Denominator:                    
Weighted average common shares outstanding used in computing net loss per share:                    
Basic and Diluted   4,854,179    4,233,519    4,846,197    4,084,395 
                     
Net loss per share:                    
Basic and Diluted  $(0.16)  $(0.09)  $(0.34)  $(0.32)

 

 

For the three and six months ended June 30, 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 2,207,454 shares and 2,053,078 shares of common stock at June 30, 2012, and 2011, respectively, have been omitted from the net loss per share calculation.