Net Loss Per Share

9 Months Ended

Sep. 30, 2016

Net income (loss) per share

Net Loss Per Share

Note 11: Net Loss Per Share

Computation of net loss per share is as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2016			2015			2016		2015
Net income (loss)	$	(1,223,857	)	$	(1,289,037	)	$	7,139,342	$	(4,325,716	)
Basic weighted average common shares outstanding		8,345,750			6,858,407			7,741,351		6,062,196
Add incremental shares for:
Warrants		-			-			-		-
Stock options		-			-			-		-
Diluted weighted average common shares outstanding		8,345,750			6,858,407			7,741,351		6,062,196
Net loss per share:
Basic	$	(0.15	)	$	(0.19	)	$	0.92	$	(0.71	)
Diluted	$	(0.15	)	$	(0.19	)	$	0.92	$	(0.71	)

For the three and nine months ended September 30, 2016, 1,143,529 stock options and 170,973 warrants were excluded from diluted net loss per share, because the effect of including these potential shares was anti-dilutive. For the three and nine months ended September 30, 2015, 1,025,929 stock options and 170,973 warrants were excluded from diluted net loss per share, because the effect of including these potential shares was anti-dilutive.

Pursuant to ASC 260, Earnings Per Share, since a loss is reported from continuing operations, diluted net loss per share has been computed with the same average common shares outstanding as basic net loss per share, even during periods when the discontinued operations provide for an overall consolidated net income.