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Net Income (Loss) per Common Share
6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Net Income (Loss) per Common Share

6.       Net Income (Loss) per Common Share

 

Basic net income (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Diluted net income (loss) per common share is computed by dividing net income (loss) by the sum of the weighted average number of common shares outstanding and the potential number of any dilutive common shares outstanding during the period. Potentially dilutive securities consist of the incremental common stock issuable upon exercise of stock options and convertible notes. Potentially dilutive securities are excluded from the computation if their effective is anti-dilutive. During the periods ended June 30, 2015 and 2014, there were no dilutive securities. The numerators and denominators used in computing basic and diluted net income (loss) per common share for the three and six months ended June 30, 2015 and 2014 are as follows:

 

    Three months ended June 30,
    2015   2014
Net income (loss) (numerator)   $ (688,060 )   $ 9,768  
Weighted average shares (denominator)     45,547,115       32,000,000  
Basic and diluted net income (loss) per common share   $ (0.02 )   $ 0.00  

 

 

    Six months ended June 30,
    2015   2014
Net loss (numerator)   $ (1,519,078 )   $ (15,511 )
Weighted average shares (denominator)     45,529,903       32,000,000  
Basic and diluted net loss per common share   $ (0.03 )   $ (0.00 )