Loss Per Common Share (EPS)

9 Months Ended

Sep. 30, 2018

Earnings Per Share [Abstract]

Loss Per Common Share (EPS)

The computations of basic and diluted loss per share were as follows for the periods presented below:

	THREE MONTHS ENDED						NINE MONTHS ENDED
	SEPTEMBER 30,						SEPTEMBER 30,
	2018			2017			2018			2017
	(Unaudited)
Basic Loss Per Share Computation:
Net loss	$	(110,011	)	$	(314,601	)	$	(1,044,355	)	$	(2,768,993	)
Weighted average number of common shares		83,177,804			82,946,847			83,100,832			82,878,287
Basic Loss Per Share	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.03	)
Diluted Loss Per Share Computation:
Net loss	$	(110,011	)	$	(314,601	)	$	(1,044,355	)	$	(2,768,993	)
Weighted average number of common shares		83,177,804			82,946,847			83,100,832			82,878,287
Incremental shares from assumed conversions
of stock options		-			-			-			-
Adjusted weighted average number of
common shares		83,177,804			82,946,847			83,100,832			82,878,287
Diluted Loss Per Share	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.03	)

The dilutive effect of unexercised stock options and restricted stock awards excludes 4,438,334 and 4,223,334 of options from the computation of loss per share for the three and nine month periods ended September 30, 2018 and 2017, respectively, because inclusion of the options would have been anti-dilutive.