Net Loss per Share (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2017

Dec. 31, 2016

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 June 30,						Six months ended June 30
	2017			2016			2017			2016
Net loss available for stockholders	$	(720,506	)	$	(697,490	)	$	(3,053,455	)	$	(3,236,320	)
Weighted average outstanding shares of common stock		121,158,343			82,148,475			117,073,968			88,558,027
Dilutive effect of stock options and warrants		--			--
Common stock and equivalents		121,158,343			82,148,475			117,073,968			88,558,027
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.03	)	$	(0.04	)

Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a net loss position.

	June 30
	2017		2016
Stock options		4,000,000		10,000,000
Common stock warrants		61,323,753		29,849,336
Common stock issuable		2,411,364		290,412
Convertible notes		19,677,133		13,810,748
Convertible preferred stock		5,377,270		6,100,000
Convertible preferred stock issuable		927,270		--
Total		93,716,790		60,050,496
Total exercisable at June 30		90,378,156		55,760,084

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

	Year ended December 31,
	2016			2015
Net loss available for stockholders	$	(844,169	)	$	(6,923,100	)
Weighted average outstanding shares of common stock		84,894,351			64,586,781
Dilutive effect of stock options and warrants		--			--
Common stock and equivalents		84,894,351			64,586,781
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.10	)

Outstanding stock options and common stock warrants are considered anti-dilutive because we are in a net loss position. The following summarizes equity instruments that may, in the future, have a dilutive effect on earnings per share:

	December 31,
	2016		2015
Stock options		4,000,000		10,000,000
Common stock warrants		59,932,917		29,651,275
Common stock issuable		821,364		701,018
Common stock issuable – warrants		--		226,191
Convertible notes		19,287,020		3,586,915
Convertible preferred stock		9,436,360		6,800,000
Convertible preferred stock issuable		927,270
Total		94,404,931		50,965,399
Total exercisable at December 31		89,019,937		46,038,190