Net Loss Per Share

3 Months Ended

Mar. 31, 2017

Net income (loss) per share

Net Loss Per Share

Note 10: Net Loss Per Share

Computation of net loss per share is as follows:

	Three Months Ended
	March 31,
	2017			2016
Net loss	$	(1,474,673	)	$	(1,176,097	)
Basic weighted average common shares outstanding		8,369,249			7,252,470
Add incremental shares for:
Warrants		-			-
Stock options		-			-
Diluted weighted average common shares outstanding		8,369,249			7,252,470
Net loss per share:
Basic	$	(0.18	)	$	(0.16	)
Diluted	$	(0.18	)	$	(0.16	)

For the three months ended March 31, 2017, 1,396,788 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 months ended March 31, 2016, 1,159,412 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.