Net Loss Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Net Loss Per Share

12. Net Loss Per Share

Basic loss per share is computed using the weighted average number of common shares outstanding at September 30, 2019 and 2018, respectively. Diluted loss per share reflects the potential dilutive effects of common stock equivalents such as options, warrants and convertible securities. Basic and diluted weighted average number of common shares outstanding was 28,037,713 and 28,034,087 for the three months ended September 30, 2019 and 2018, respectively and 28,037,713 and 19,017,292 for the nine months ended September 30, 2019 and 2018, respectively.

The following table sets forth the computation of net loss per common share – basic and diluted: 

	Three months ended September 30,						Nine months ended September 30,
	2019			2018			2019			2018
Numerator:
Net loss		(258,075	)		(609,795	)		(608,172	)		(12,695,933	)
Denominator
Basic weighted average common shares outstanding		28,037,713			28,034,087			28,037,713			19,017,292
Effect of dilutive securities		-			-			-			-
Diluted weighted average common shares outstanding		28,037,713			28,034,087			28,037,713			19,017,292
Net loss per common share
Basic		(0.01	)		(0.02	)		(0.02	)		(0.67	)
Diluted		(0.01	)		(0.02	)		(0.02	)		(0.67	)