Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.7.0.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
14 NET LOSS PER SHARE

 

Basic loss per share is based on the weighted-average number of common shares outstanding during each period. Diluted loss per share is based on basic shares as determined above plus common stock equivalents. The computation of diluted net loss per share does not assume the issuance of common shares that have an anti-dilutive effect on net loss per share. For the three months ended March 31, 2017 and 2016, all unvested restricted stock awards and warrants, were excluded from the computation of diluted net loss per share. Dilutive shares which could exist pursuant to the exercise of outstanding stock instruments and which were not included in the calculation because their affect would have been anti-dilutive are as follows:

 

    Three
Months Ended
March 31,
2017
(Shares)
    Three
Months Ended
March 31,
2016
(Shares)
 
             
Restricted stock awards – unvested     -       1,160,000  
Warrants     6,219,200       6,219,200  
      6,219,200       7,379,200