v2.4.0.8

LOSS PER COMMON SHARE (Tables) | 12 Months Ended
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Dec. 31, 2013
Loss Per Common Share Tables |
Reconciliation of basic and diluted loss per share | The following is a reconciliation of the numerators and denominators of the basic and diluted loss per common share computations for the years ended:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Numerator for basic and diluted loss per common share: |  |  |  |  |  |
Net loss to common stockholders from continuing operations |  | $ | (4,944,809 | ) |  | $ | (3,988,566 | )
Net loss from discontinued operations |  | $ | (609,292 | ) |  | $ | (16,940 | )
Net loss to common stockholders |  | $ | (5,554,101 | ) |  | $ | (4,005,506 | )
Denominator for basic and diluted loss per common share: |  |  |  |  |  |  |  |
Weighted Average Number of Shares Outstanding |  |  | 6,126,838 |  |  |  | 4,150,976 |
Basic and diluted loss per common share from continuing operations |  | $ | (0.81 | ) |  | $ | (0.96 | )
Basic and diluted loss per common share from discontinued operations |  | $ | (0.10 | ) |  | $ | (0.00 | )
Basic and diluted loss per common share |  | $ | (0.91 | ) |  | $ | (0.96 | )
Schedule of antidilution effect | Due to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Warrants |  |  | 15,244,914 |  |  |  | 3,811,116 |
Stock options |  |  | 1,840,556 |  |  |  | 1,840,556 |
Convertible notes |  |  | 2,333,333 |  |  |  | 2,304,478 |
Series A Preferred |  |  | 1,629,006 |  |  |  | 1,292,492 |
Series B Preferred |  |  | 5,693,344 |  |  |  | 2,993,504 |
Series C Preferred |  |  | 902,778 |  |  |  | 451,750 |
Series D Preferred |  |  | 2,140,000 |  |  |  | - |
|  |  | 29,783,931 |  |  |  | 12,693,896 |

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