EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

During periods when there is a net loss, all potentially dilutive shares are anti-dilutive and are excluded from the calculation of diluted net income (loss) per share. Based on the Company’s application of the as-converted and treasury stock methods, all common stock equivalents were excluded from the computation of diluted earnings per share due to net losses for the three months ended March 31, 2016 and 2015. Common stock equivalents that were excluded for these periods are as follows:

Common Stock Equivalent	2016		2015
Warrants		350,283,333		305,068,558
Converible debt		26,386,904		28,068,159
Stock options		26,347,399		26,547,399
Unvested restricted common stock		2,414,167		2,596,999
Total		405,431,803		362,281,115