Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v2.4.1.9
NET LOSS PER SHARE
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
6.
NET LOss per 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, 2015 and 2014:
 
 
 
Three Months Ended
 
 
 
March 31,
 
 
 
2015
 
2014
 
Basic:
 
 
 
 
 
 
 
Net loss
 
$
(1,165,910)
 
$
(383,672)
 
Weighted average shares used in computing basic loss per share
 
 
9,687,097
 
 
5,101,770
 
Net loss per share - Basic
 
$
(0.12)
 
$
(0.08)
 
 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Net loss
 
$
(1,165,910)
 
$
(383,672)
 
Weighted average shares used in computing diluted loss per share
 
 
9,687,097
 
 
5,101,770
 
Net loss per share - Diluted
 
$
(0.12)
 
$
(0.08)
 
 
Restricted share units (“RSUs”) of 457,500, which are net of forfeitures, have been excluded from the above calculation as they were anti-dilutive. The net loss per share - basic excludes 1,287,529 of contingently-issued shares. The net loss per share - diluted does not include any contingently issuable shares as the effect would be anti-dilutive and no shares would be released based on the revenue to date generated by the Acquired Businesses.