Quarterly report pursuant to Section 13 or 15(d)

Loss per common share

v2.4.0.8
Loss per common share
 9 Months Ended
Sep. 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 nine month periods ended September 30, 2013 and 2012, respectively, were as follows: 
 
Three Months Ended
 
Nine Months Ended
 
September 30
2013
 
September 30
2012
 
September 30, 2013
 
September 30, 2012
Loss available to stockholders
$
(1,387,679
)
 
$
(674,605
)
 
$
(3,338,552
)
 
$
(1,509,891
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding - Basic and diluted
13,212,894

 
13,166,080

 
13,212,894

 
13,166,080

Basic and diluted loss per share
$
(0.11
)
 
$
(0.05
)
 
$
(0.25
)
 
$
(0.11
)
 
 
 
 
 
 
 
 
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

 
75,806

 
75,806

 
75,806