16. EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2014

Net loss per common share

16. EARNINGS PER SHARE

The following table represents a reconciliation of basic and diluted earnings per share:

	Years Ended December 31,
	2014			2013			2012
Net loss used in the computation of basic and diluted earnings per share	$	(381,574,958	)	$	(20,706,448	)	$	(478,170	)
Weighted average shares outstanding - basic and diluted		5,222,827			2,858,094			2,166,667
Per Share Data:
Basic
Net income (loss)	$	(73.06	)	$	(7.24	)	$	(0.22	)
Diluted
Net income (loss)	$	(73.06	)	$	(7.24	)	$	(0.22	)

For the periods where the Company reported losses, all common stock equivalents are excluded from the computation of diluted earnings per share, since the result would be antidilutive. Common stock equivalents, that were not included in the calculation of diluted earnings per share because to do so would have been antidilutive for the periods presented, are as follows:

	Years Ended December 31,
	2014		2013		2012
Stock Options		540,000		484,644		-
Warrants		113,621,140		51,695		-
Convertible debt		64,575,762		113,333		-
Total antidilutive common stock equivalents excluded from dilutive earnings per share		178,736,902		649,672		-