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Net Loss Per Share
3 Months Ended
Mar. 31, 2017
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 (after adding the beneficial conversion feature included in the Series C Convertible Preferred Stock) by the weighted average number of shares of common stock outstanding during the period, including 1,370,883 weighted average shares of common stock issuable to holders of Series B Convertible Preferred Stock for the three month periods ended March 31, 2017 (since they are convertible based on passage of time). 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 stock, Series C Convertible Preferred Stock and placement agent units excluded from the calculations of diluted loss per share were 14,900,945 and 236,537 for the three month period ended March 31, 2017 and 2016, respectively.