Earnings Per Share

6 Months Ended

Jun. 30, 2017

Note 8 – Earnings Per Share:

Basic net loss per share of common stock is calculated by dividing net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding for the period. Diluted net loss per share of common stock is computed by giving effect to all potentially dilutive securities.

For the three and six months ended June 30, 2017 and 2016, there were no adjustments between net loss and net loss attributable to common stockholders.

The potentially dilutive securities are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Service Period Stock Options		2,823,313		2,149,748		2,792,566		2,063,021
Restricted Stock Units		175,918		59,022		136,933		29,511
Warrants		61,117		61,117		61,117		61,117
Total		3,060,348		2,269,887		2,990,616		2,153,649

For the three and six months ended June 30, 2017 and 2016, diluted net loss per share of common stock is the same as basic net loss per share of common stock, due to the fact that potentially dilutive securities would have an antidilutive effect as the Company incurred a net loss during such periods.