Loss Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Loss Per Share

Note 11 —Loss Per Share

Basic loss per share is calculated by dividing the loss by the weighted-average number of shares of common stock outstanding for the period, without consideration for potential dilutive common shares. Since the Company was in a loss position for all periods presented, basic net loss per share is the same as diluted net loss per share as the inclusion of all potential dilutive common shares would have been anti-dilutive.

The following table sets forth the comparison of basic and fully diluted net loss per share for the periods indicated:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Net loss attributable to common stockholders	$	(1,928,722	)	$	(538,903	)	$	(3,940,337	)	$	(1,045,848	)
Weighted-average common shares outstanding		13,310,000			11,138,505			12,855,714			10,951,449
Net loss per common share - basic and diluted	$	(0.14	)	$	(0.05	)	$	(0.31	)	$	(0.10	)

The following securities at September 30, 2016 and 2015 have been excluded from the computation of diluted weighted shares outstanding, as their inclusion would be anti-dilutive:

	September 30,
	2016		2015
Warrants		10,620,295		9,560,295
Stock options		1,588,313		—
Unit purchase options as to shares of common stock		53,000		—
Unit purchase options as to shares underlying warrants		53,000		—
Total		12,314,608		9,560,295