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Earnings Per Share
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

Basic earnings per share ("EPS") is computed based on the weighted average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted average number of common shares outstanding increased by dilutive common stock equivalents, attributable to stock option awards, restricted stock awards, warrants and the Series A Preferred Stock outstanding.

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



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
)