Quarterly report pursuant to Section 13 or 15(d)

Loss per common share

v3.5.0.2
Loss per common share
9 Months Ended
Sep. 30, 2016
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 months ended September 30, 2016 and 2015, and nine months ended September 30, 2016 and 2015, respectively, were as follows: 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2016
 
2015
 
2016
 
2015
Net income (loss) attributable to stockholders
 
$
207,868

 
$
(948,842
)
 
$
(1,100,839
)
 
$
(1,929,144
)
Weighted average shares outstanding - Basic
 
19,640,812

 
17,153,999

 
19,071,497

 
16,575,879

Basic income (loss) per share
 
$
0.01

 
$
(0.06
)
 
$
(0.06
)
 
$
(0.12
)
Weighted average shares outstanding - Diluted
 
20,229,120

 
17,153,999

 
19,071,497

 
16,575,879

Diluted income (loss) per share
 
$
0.01

 
$
(0.06
)
 
$
(0.06
)
 
$
(0.12
)
Anti-dilutive shares underlying stock options outstanding
 


 
1,186,325

 
1,130,158

 
1,186,325

Anti-dilutive convertible debentures
 


 
625,000

 
889,830

 
625,000

Anti-dilutive warrants outstanding
 


 

 
250,000