Quarterly report pursuant to Section 13 or 15(d)

Loss per common share

v2.4.0.8
Loss per common share
 3 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Loss per common share
Loss per common share
 
All shares issuable for both periods were anti-dilutive because of the reported net loss. Basic and diluted loss per share for the three and six month periods ended June 30, 2013 and 2012, respectively, were as follows: 
 
Three Months Ended
 
Six Months Ended
 
June 30
2013
 
June 30
2012
 
June 30, 2013
 
June 30, 2012
Loss available to stockholders
$
(1,090,480
)
 
$
(396,973
)
 
$
(1,950,873
)
 
$
(835,286
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding - Basic and diluted
13,205,476

 
13,114,604

 
13,209,165

 
13,064,879

Basic and diluted loss per share
$
(0.08
)
 
$
(0.03
)
 
$
(0.15
)
 
$
(0.06
)
 
 
 
 
 
 
 
 
Anti-dilutive shares underlying stock options outstanding
1,134,000

 
1,095,250

 
1,134,000

 
1,095,250

Anti-dilutive convertible debentures
75,806

 
159,139

 
75,806

 
159,139