v2.4.0.8

LOSS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
Note 11 - LOSS PER COMMON 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:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Numerator for basic and diluted loss per common share: |  |  |  |  |  |  |  |  |  |  |  |
Net loss to common stockholders from continuing operations |  | $ | (538,735 | ) |  | $ | (1,348,100 | ) |  | $ | (1,316,105 | ) |  | $ | (2,473,318 | )
Net loss from discontinuing operations |  | $ | (9,519 | ) |  | $ | (499,423 | ) |  | $ | (19,464 | ) |  | $ | (507,217 | )
Net loss to common stockholders |  | $ | (548,254 | ) |  | $ | (1,847,523 | ) |  | $ | (1,335,569 | ) |  | $ | (2,980,535 | )
Denominator for basic and diluted loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Number of Shares Outstanding |  |  | 11,503,294 |  |  |  | 5,817,053 |  |  |  | 11,414,481 |  |  |  | 5,361,577 |
Basic and diluted loss per common share from continuing operations |  | $ | (0.05 | ) |  | $ | (0.23 | ) |  | $ | (0.12 | ) |  | $ | (0.46 | )
Basic and diluted loss per common share from discontinued operations |  | $ | - |  |  | $ | (0.09 | ) |  | $ | - |  |  | $ | (0.09 | )
Basic and diluted loss per common share |  | $ | (0.05 | ) |  | $ | (0.32 | ) |  | $ | (0.12 | ) |  | $ | (0.56 | )
Due to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:
|  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |
Warrants |  |  | 19,243,418 |  |  |  | 7,504,189 |
Stock options |  |  | 1,840,556 |  |  |  | 1,840,556 |
Convertible notes |  |  | 2,755,544 |  |  |  | 3,295,322 |
Series A Preferred |  |  | 1,629,006 |  |  |  | 1,629,006 |
Series B Preferred |  |  | 5,693,344 |  |  |  | 5,776,667 |
Series C Preferred |  |  | 902,778 |  |  |  | 902,778 |
Series D Preferred |  |  | 3,852,000 |  |  |  | - |
|  |  | 35,916,646 |  |  |  | 20,948,518 |

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