Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER COMMON SHARE

v3.4.0.3
NET LOSS PER COMMON SHARE
3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
7.
NET LOss per COMMON share
 
The following table reconciles the weighted-average shares outstanding for basic and diluted net loss per share for the three months ended March 31, 2016 and 2015:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2016
 
2015
 
Basic and Diluted:
 
 
 
 
 
 
 
Net loss attributable to common shareholders
 
$
(2,142,822)
 
$
(1,165,910)
 
Weighted average shares applicable to common shareholders used in computing basic and diluted loss per share
 
 
10,084,928
 
 
9,687,097
 
Net loss attributable to common shareholders per share - Basic and Diluted
 
$
(0.21)
 
$
(0.12)
 
  
The unvested restricted share units (“RSUs”) have been excluded from the above calculation as they were anti-dilutive. Vested RSUs and restricted shares have been included in the above calculations.
 
The net loss per share-Diluted excludes both the 248,625 and 1,287,529 of contingently issued shares at March 31, 2016 and 2015, respectively, and the 100,000 warrants granted to Opus Bank in September 2015 as the effect would be anti-dilutive.