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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
The following represents the common stock equivalents that were excluded from the computation of diluted shares outstanding because their effect would have been anti-dilutive for the three and six months ended June 30, 2018 and 2017:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Stock options, warrants and restricted stock
 
370,239,830

 
6,427,858

 
370,239,830

 
6,427,858

Series A redeemable convertible preferred stock
 
8,781,516

 
8,781,516

 
8,781,516

 
8,781,516

Total anti-dilutive common stock equivalents
 
379,021,346

 
15,209,374

 
379,021,346

 
15,209,374

Computation of Earnings Per Share
The following represents a reconciliation of the numerators and denominators of the basic and diluted EPS computation:  
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,

 
2018
 
2017
 
2018
 
2017
Numerator
 
 
 
 
 
 
 
 
Net loss
 
$
(1,004,104
)
 
$
(639,801
)
 
$
(497,227
)
 
$
(1,751,998
)
Effects of Series A redeemable convertible preferred stock:
 
 

 
 

 
 

 
 

Less: Series A redeemable convertible preferred stock dividends
 
214,963

 
215,089

 
458,130

 
419,664

Less: Deemed dividend on Series A redeemable convertible preferred stock
 

 

 
2,269,042

 

Less: Accretion to redemption value of Series A redeemable convertible preferred stock
 
77,645

 

 
115,750

 

Net loss attributable to common stockholders
 
$
(1,296,712
)
 
$
(854,890
)
 
$
(3,340,149
)
 
$
(2,171,662
)
Denominator
 
 

 
 

 
 

 
 

Weighted average basic shares outstanding
 
84,448,219

 
44,440,751

 
64,616,334

 
44,265,525

Effect of dilutive securities:
 
 

 
 

 
 

 
 

Stock options, warrants and restricted stock
 

 

 

 

Series A redeemable convertible preferred stock
 

 

 

 

Weighted average diluted shares outstanding
 
84,448,219

 
44,440,751

 
64,616,334

 
44,265,525

 
 
 
 
 
 
 
 
 
EPS
 
 

 
 

 
 

 
 

Basic net loss per share attributable to common stockholders
 
$
(0.02
)
 
$
(0.02
)
 
$
(0.05
)
 
$
(0.05
)
Diluted net loss per share attributable to common stockholders
 
$
(0.02
)
 
$
(0.02
)
 
$
(0.05
)
 
$
(0.05
)