| 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 |
|
|