Loss per Common Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Loss Per Common Share

Loss Per Common Share

The Company computes basic loss per share by dividing net income (loss) for the period by the weighted average number of shares of common stock outstanding during the period. The Company computes diluted earnings per common share using the treasury stock method. For purposes of calculating diluted earnings per share, the Company considers its shares issuable in connection with convertible debentures, stock options and warrants to be dilutive common stock equivalents when the exercise price is less than the average market price of its common stock for the period. For the nine months endedSeptember 30, 2015, the Company excluded 15,192,083 potentially dilutive shares, and for the nine months endedSeptember 30, 2014, the Company excluded 15,069,083 potentially dilutive shares because such shares would be anti-dilutive as a result of the reported net loss.