Note 5 - Loss Per Share

3 Months Ended

Mar. 31, 2016

NOTE 5 - LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

	Three Months Ended March 31,
	2016			2015
Numerator:
Net loss available in basic and diluted calculation	$	(2,176,369	)	$	(225,795	)
Other comprehensive income:
Unrealized gain from marketable securities		2,850			-
Comprehensive (loss)		(2,173,519	)		(225,795	)
Denominator:
Weighted average common shares outstanding-basic		18,096,204			3,100,244

Effect of diluted stock options, warrants and preferred stock (1)		-			-

Weighted average common shares outstanding-basic		18,096,204			3,100,244

Loss per common share-basic and diluted	$	(0.12	)	$	(0.07	)

(1) The number of shares underlying options and warrants outstanding as of March 31, 2016 and March 31, 2015 are 4,199,642 and 949,955 respectively. The number of shares underlying the preferred stock as of March 31, 2016 is 690,527. The effect of the shares that would be issued upon exercise of such options, warrants and preferred stock has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.