Net Loss per Share

6 Months Ended

Jun. 30, 2019

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:

	Three months ended June 30						Six months ended June 30
	2019			2018			2019			2018

Net loss available for stockholders	$	(1,363,177	)	$	(966,346	)	$	(2,194,429	)	$	(2,155,157	)
Weighted average outstanding shares of common stock		234,366,883			194,276,545			227,750,844			178,896,757
Dilutive effect of stock options and warrants		--			--			--			--
Common stock and equivalents		234,366,883			194,276,545			227,750,844			178,896,757

Net loss per share Basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

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:

	June 30
	2019		2018
Stock options		4,000,000		4,000,000
Common stock warrants		72,239,539		67,287,631
Common stock issuable		494,697		2,728,030
Convertible notes		31,285,755		43,280,642
Convertible preferred stock		2,877,270		4,377,270
Convertible preferred stock issuable		--		--
Total		110,897,261		121,673,573
Total exercisable at June 30		112,402,564		118,945,543