11.

Loss Per Share

	Three Months		Three Months		Six Months		Six Months
	Ended		Ended		Ended		Ended
	June 30, 2016		June 30, 2015		June 30, 2016		June 30, 2015
Numerator:
Net income (loss) attributable to the shareholders of the Company– numerator for basic and diluted EPS	$	(2,108,781)	$	(1,379,265)	$	(11,034,557)	$	(2,815,451)

Denominator:
Denominator for basic EPS		99,928,683		99,928,683		99,928,683		99,857,412

Basic and diluted loss per share	$	(0.02)	$	(0.01)	$	(0.11)	$	(0.03)

For the three and six months ended June 30, 2016, 1,070,000 (Three and six months ended June 30, 2015 –700,000) options and 10,000,000 (Three and six months ended June 30, 2015 – 10,000,000) warrants were not included above as their impact would be anti-dilutive.

For the three and six months ended June 30, 2015 the convertible debentures were not included above as their impact would be anti-dilutive.