v2.4.0.8

LOSS PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2014
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:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Numerator for basic and diluted loss per common share: |  |  |  |  |  |
Net loss to common stockholders from continuing operations |  | $ | (777,368 | ) |  | $ | (1,125,219 | )
Net loss from discontinued operations |  | $ | (9,945 | ) |  | $ | (7,795 | )
Net loss to common stockholders |  | $ | (787,313 | ) |  | $ | (1,133,014 | )
Denominator for basic and diluted loss per common share: |  |  |  |  |  |  |  |
Weighted Average Number of Shares Outstanding |  |  | 11,325,668 |  |  |  | 4,901,040 |
Basic and diluted loss per common share from continuing operations |  | $ | (0.07 | ) |  | $ | (0.23 | )
Basic and diluted loss per common share from discontinued operations |  | $ | (0.00 | ) |  | $ | (0.00 | )
Basic and diluted loss per common share |  | $ | (0.07 | ) |  | $ | (0.23 | )
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:
|  | March 31, |
|  | 2014 |  |  | 2013 |
Warrants |  |  | 19,983,417 |  |  |  | 3,811,116 |
Stock options |  |  | 1,840,556 |  |  |  | 1,840,556 |
Convertible notes |  |  | 2,783,334 |  |  |  | 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 |  |  | 3,852,000 |  |  |  | - |
|  |  | 36,684,435 |  |  |  | 12,693,896 |

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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 + Details
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