Loss Per Share Applicable to Common Stockholders

6 Months Ended

Jul. 04, 2015

Loss Per Share Applicable To Common Stockholders

Note 4. Loss Per Share Applicable to Common Stockholders

The following table sets forth the computations of loss per share amounts applicable to common stockholders for the three and six months ended July 4, 2015 and June 28, 2014:

	Three Months Ended						Six Months Ended
	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Net loss	$	(315,192	)	$	(1,653,142	)	$	(1,340,707	)	$	(3,501,158	)
Basic and diluted loss per common share	$	(0.00	)	$	(0.02	)	$	(0.01	)	$	(0.03	)
Weighted average common shares outstanding (1):		107,409,894			106,185,584			107,304,245			106,130,972
Potentially dilutive securities (2):
Stock options		14,120,114			14,686,002			14,120,114			14,686,002
Warrants		469,020			-			469,020			-
Convertible Debt		773,395			-			773,395			-

(1) Includes 1,230,484 and 1,600,879 weighted average nonvested shares of restricted stock for the three months ended July 4, 2015 and June 28, 2014, respectively, and 1,392,285 and 1,571,483 weighted average nonvested shares of restricted stock for the six months ended July 4, 2015 and June 28, 2014, respectively, which are participating securities

(2) Excluded from the computation of loss per share as their impact is antidilutive.