Annual report pursuant to Section 13 and 15(d)

NET LOSS PER COMMON SHARE

v3.3.1.900
NET LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
8.
NET LOss per COMMON share
 
The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the years ended December 31, 2015 and 2014:
 
 
 
Year ended December 31,
 
 
 
2015
 
 
2014
 
Basic and Diluted:
 
 
 
 
 
 
 
 
Net loss attributable to common shareholders
 
$
(4,894,385
)
 
$
(4,509,250
)
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share
 
 
9,732,806
 
 
 
7,084,630
 
Net loss attributable to common shareholders per share - Basic and Diluted
 
$
(0.50
)
 
$
(0.64
)
 
During the years ended December 31, 2015 and 2014, the 264,000 and 482,250 equity based restricted stock units respectively, which are unvested, have been excluded from the above calculation as they were anti-dilutive.
 
The net loss per share-Diluted excludes both the 553,473 of contingently issued shares and the warrants granted to Opus Bank as the effect would be anti-dilutive.