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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2016
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, 2015 and 2014 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 June 30, 2016 and 2015 and six months ended June 30, 2016 and 2015. Total common stock equivalents that could be convertible into common stock were 26,499,901 and 22,127,032 for June 30, 2016 and 2015, respectively.

 

    Three Months     Three Months     Six Months     Six Months  
    Ended     Ended     Ended     Ended  
Basic EPS   June 30, 2016     June 30, 2015     June 30, 2016     June 30, 2015  
Net Loss   $ (476,709 )   $ (880,349 )   $ (1,059,553 )   $ (1,719,733 )
Weighted Average Shares     29,267,353       27,380,701       28,673,883       27,344,729  
Basic and Diluted Loss Per Share   $ (0.02 )   $ (0.03 )   $ (0.04 )   $ (0.06 )