XML 35 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Loss Per Share Applicable to Common Stockholders
 9 Months Ended
Sep. 30, 2012
Net loss per share:  
Net Loss Per Share Applicable to Common Stockholders

NOTE 12 — 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

September 30,

 

Nine Months Ended

September 30,

   2012  2011  2012  2011
Numerator:                    
Net loss  $(982,823)  $(727,369)  $(2,609,997)  $(2,047,806)
                     
Denominator:                    
Weighted average common shares outstanding used in computing net loss per share:                    
Basic and diluted   4,861,063    4,439,997    4,851,152    4,202,929 
                     
Net loss per share:                    
Basic and diluted  $(0.20)  $(0.16)  $(0.54)  $(0.49)

 

For the three and nine months ended September 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 2,137,113 shares and 2,051,730 shares of common stock at September 30, 2012, and 2011, respectively, have been omitted from the net loss per share calculation.