Net Loss Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Net Loss Per Share

NOTE 6- NET LOSS PER SHARE:

Basic and diluted net loss per share is computed by dividing the net loss for the period attributable to common stock by the weighted average number of shares of common stock outstanding during the period, including 387,178 and 1,153,117 weighted average shares common stock issuable to holders of Sereis B Convertible Preferred Stock for the nine and three month periods ended September 30, 2016 (since they are convertible based on passage of time – see Note 5e). The calculation of diluted net loss per share excludes potential share issuances of common stock upon the exercise of share options, warrants, restricted stocks and placement agent unit as the effect is anti-dilutive.

The total number of shares of common stock related to outstanding options, warrants, restricted stocks and placement agent unit excluded from the calculations of diluted loss per share were 2,449,774 and 200,477 for the nine and three month periods ended September 30, 2016 and 2015, respectively.