Quarterly report pursuant to Section 13 or 15(d)

Loss per common share

v2.4.0.8
Loss per common share
 6 Months Ended
Jun. 30, 2014
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 six months ended June 30, 2014 and 2013, respectively, were as follows: 
 
Three months ended June 30,
 
Six months ended June 30,
 
2014
 
2013
 
2014
 
2013
Loss available to stockholders
$
(1,229,707
)
 
$
(1,090,480
)
 
$
(2,267,752
)
 
$
(1,950,873
)
 
 
 
 
 
 
 
 
Weighted average shares outstanding - Basic and diluted
15,227,089

 
13,205,476

 
15,013,824

 
13,209,165

Basic and diluted loss per share
$
(0.08
)
 
$
(0.08
)
 
$
(0.15
)
 
$
(0.15
)
 
 
 
 
 
 
 
 
Anti-dilutive shares underlying stock options outstanding
1,233,125

 
1,095,250

 
1,233,125

 
1,095,250

Anti-dilutive convertible debentures
555,556

 
75,806

 
555,556

 
75,806