Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v2.4.1.9
NET LOSS PER SHARE
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
7.
NET LOss per share
 
The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three and nine months ended September 30, 2014 and 2013:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2014
 
2013
 
2014
 
2013
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(2,840,754)
 
$
(138,022)
 
$
(3,513,827)
 
$
(268,035)
 
Weighted-average shares used in computing basic earnings per share
 
 
8,358,718
 
 
5,101,770
 
 
6,199,350
 
 
5,101,770
 
Net loss per share - Basic
 
$
(0.34)
 
$
(0.03)
 
$
(0.57)
 
$
(0.05)
 
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(2,840,754)
 
$
(138,022)
 
$
(3,513,827)
 
$
(268,035)
 
Weighted-average shares used in computing diluted earnings per share
 
 
8,358,718
 
 
5,101,770
 
 
6,199,350
 
 
5,101,770
 
Net loss per share - Diluted
 
$
(0.34)
 
$
(0.03)
 
$
(0.57)
 
$
(0.05)
 
 
During the three and nine months ended September 30, 2014, 171,000 and 388,500 restricted share units (“RSUs”) respectively, were granted and have been excluded from the above calculation as they were anti-dilutive. The net loss per share - basic excludes 1,287,529 of contingently issuable shares. The net loss per share - diluted does not include any contingently issuable shares as the effect would be dilutive and no shares would be released based on the revenue to date generated by the Acquired Businesses.