Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

v3.19.1
NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
NET LOSS PER SHARE
15 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 years ended December 31, 2018 and 2017, all warrants options and convertible debt securities 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: 

 

    Year ended
December 31, 2018
(Shares)
    Year ended
December 31, 2017
(Shares)
 
             
Convertible debt     77,911,950       18,884,635  
Stock options     2,000,000          
Warrants to purchase shares of common stock     8,527,713       8,527,713  
      88,439,663       27,412,348