v2.4.0.8
LOSS PER COMMON SHARE
6 Months Ended
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