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Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share

NOTE 6 EARNINGS (LOSS) PER SHARE

 

The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations, as required by ASC No. 260, “Earnings per Share.”

 

Basic earnings per share (“EPS”) is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. We had net losses for the years ended December 31, 2014 and 2013 and the effect of including dilutive securities in the earnings per common share would have been anti-dilutive for the purpose of calculating EPS. Accordingly, all options, warrants, and shares potentially convertible into common shares were excluded from the calculation of diluted earnings per share for the quarters ended September 30, 2015 and 2014 and the nine months ended September 30, 2015 and 2014. Total common stock equivalents that could be convertible into common stock were 21,585,017 and 11,682,521 for September 30, 2015 and 2014, respectively.

 

    Three Months     Three Months     Nine Months     Nine Months  
    Ended     Ended     Ended     Ended  
    Sept. 30, 2015     Sept. 30, 2014     Sept. 30, 2015     Sept. 30, 2014  
Basic EPS                        
Net Loss   $ (953,706 )   $ (1,201,375 )   $ (2,673,439 )   $ (4,195,707 )
Weighted Average Shares     27,683,644       27,308,357       27,458,942       26,968,884  
Basic and Diluted Loss Per Share   $ (0.03 )   $ (0.04 )   $ (0.10 )   $ (0.16 )