Net Loss per Share (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2016

Dec. 31, 2015

Net Loss Per Share Tables

Reconciliation of the denominators used in the computation of net loss per share basic and diluted:

The following table presents a reconciliation of the denominators used in the computation of net loss per share – basic and diluted:

	Three months ended September 30,						Nine months ended September 30,
	2016			2015			2016			2015
Net loss available for stockholders	$	(389,820)		$	(977,343)		$	(3,620,396)		$	(5,205,783)
Weighted average outstanding shares of common stock		84,143,586			66,089,776			80,677,887			63,938,744
Dilutive effect of stock options and warrants	--			--			--			--
Common stock and equivalents		84,143,586			66,089,776			80,677,887			63,938,744
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.04	)	$	(0.08	)

	Year ended December 31,
	2015			2014
Net loss available for stockholders	$	(6,923,100	)	$	(23,562,979	)
Weighted average outstanding shares of common stock		64,586,781			56,742,881
Dilutive effect of stock options and warrants		-			-
Common stock and equivalents		64,586,781			56,742,881
Net loss per share – Basic and diluted	$	(0.11	)	$	(0.42	)

Summarizes equity instruments

	December 31,
	2015		2014
Stock options		10,000,000		10,000,000
Common stock warrants		29,651,275		29,518,403
Common stock issuable		701,018		729,328
Common stock issuable – warrants		226,191		729,328
Convertible notes		3,586,915		-
Convertible preferred stock		6,800,000		7,000,000
Total		50,965,399		47,977,059
Total exercisable at December 31		46,038,190		34,097,059