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BASIC AND DILUTED LOSS PER COMMON SHARE (TABLES)

3 Months Ended

Mar. 31, 2016

BASIC AND DILUTED LOSS PER COMMON SHARE (TABLES)

Presentation of the numerators and denominators used in the calculation of basic and diluted earnings per share

The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted loss per share:

		Three Months
		Ended March 31,
		2016				2015
Net loss		$	(1,530,068	)		$	(4,069,290	)
Basic weighted-average common shares outstanding			43,579,557				43,579,557
Effect of dilutive securities:
Warrants			-				-
Options			-				-
Diluted weighted-average common shares outstanding			43,579,557				43,579,557
Basic loss per share		$	(0.04	)		$	(0.09	)
Diluted loss per share		$	(0.04	)		$	(0.09	)

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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