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, 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 nine months ended September 30, 2014 and 2013, respectively, were as follows: 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Loss available to stockholders
$
(1,447,798
)
 
$
(1,387,679
)
 
$
(3,715,550
)
 
$
(3,338,552
)
Weighted average shares outstanding - Basic and diluted
15,447,726

 
13,212,894

 
15,160,041

 
13,212,894

Basic and diluted loss per share
$
(0.09
)
 
$
(0.11
)
 
$
(0.25
)
 
$
(0.25
)
Anti-dilutive shares underlying stock options outstanding
1,254,325

 
1,095,250

 
1,254,325

 
1,095,250

Anti-dilutive convertible debentures
555,556

 
75,806

 
555,556

 
75,806