v2.4.1.9

LOSS PER COMMON SHARE | 9 Months Ended
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Sep. 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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
Numerator for basic and diluted loss per common share: |  |  |  |  |  |  |  |  |  |  |  |
Net loss to common stockholders from continuing operations |  | $ | (680,897 | ) |  | $ | (761,384 | ) |  | $ | (1,997,002 | ) |  | $ | (3,234,702 | )
Net loss from discontinuing operations |  | $ | (4,383 | ) |  | $ | (75,921 | ) |  | $ | (23,847 | ) |  | $ | (583,138 | )
Net loss to common stockholders |  | $ | (685,280 | ) |  | $ | (837,305 | ) |  | $ | (2,020,849 | ) |  | $ | (3,817,840 | )
Denominator for basic and diluted loss per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted Average Number of Shares Outstanding |  |  | 11,951,664 |  |  |  | 6,339,259 |  |  |  | 11,594,294 |  |  |  | 5,691,052 |
Basic and diluted loss per common share from continuing operations |  | $ | (0.06 | ) |  | $ | (0.12 | ) |  | $ | (0.17 | ) |  | $ | (0.57 | )
Basic and diluted loss per common share from discontinued operations |  | $ | - |  |  | $ | (0.01 | ) |  | $ | - |  |  | $ | (0.10 | )
Basic and diluted loss per common share |  | $ | (0.06 | ) |  | $ | (0.13 | ) |  | $ | (0.17 | ) |  | $ | (0.67 | )
Due to their anti-dilutive effect, the potential common shares have been excluded from the computation of diluted loss per share:
|  | Nine Months Ended September 30, |
|  | 2014 |  |  | 2013 |
Warrants |  |  | 19,523,412 |  |  |  | 7,504,189 |
Stock options |  |  | 2,915,556 |  |  |  | 1,840,556 |
Convertible notes |  |  | 2,698,682 |  |  |  | 3,295,322 |
Series A Preferred |  |  | 1,629,006 |  |  |  | 1,629,006 |
Series B Preferred |  |  | 5,693,344 |  |  |  | 5,693,344 |
Series C Preferred |  |  | 902,778 |  |  |  | 902,778 |
Series D Preferred |  |  | 4,532,000 |  |  |  | - |
|  |  | 37,894,778 |  |  |  | 20,865,195 |

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