Net Loss per Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Note 10 - Net Loss per Share

Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised.

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,
	2018			2017
Net loss available for stockholders	$	(4,618,388	)	$	(5,059,326	)
Weighted average outstanding shares of common stock		191,539,568			130,188,614
Dilutive effect of stock options and warrants		--			--
Common stock and equivalents		191,539,568			130,188,614
Net loss per share - Basic and diluted	$	(0.02	)	$	(0.04	)

Outstanding stock options and common stock warrants are considered anti-dilutive because the Company is 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,
	2018		2017
Stock options		4,000,000		4,000,000
Common stock warrants		80,641,440		75,404,803
Common stock issuable		1,144,697		9,320,635
Convertible notes		24,369,057		24,359,499
Convertible preferred stock		3,727,270		4,377,270
Convertible preferred stock issuable		--		--
Total		113,882,464		117,462,207
Total exercisable at December 31		112,737,767		108,141,572