| Earnings Per Share [Text Block] |
7. LOSS PER SHARE In accordance with ASC 260-10 (formerly SFAS 128, “Computation of Earnings Per Share”), basic net income (loss) per share is computed by dividing the net income (loss) to common stockholders for the period by the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number of common and dilutive common equivalent shares outstanding during the period. For the three months and nine months ended June 30, 2014 and 2013, the Company has excluded all common equivalent shares from the calculation of diluted net loss per share as such securities are anti-dilutive.
A summary of the net income (loss) and shares used to compute net income (loss) per share for the three months ended June 30, 2014 and 2013 are as follows | | | Three months ended
June 30, | | | | | 2014 | | 2013 | | | Net Loss for computation of basic and diluted net loss per share: | | | | | | | | | From continuing operations | | $ | (1,017,700) | | $ | (1,332,200) | | | From discontinued operations | | | (1,100) | | | (1,800) | | | Net loss | | $ | (1,018,800) | | $ | (1,334,000) | | | Basic and Diluted net loss per share: | | | | | | | | | From continuing operations | | $ | (0.01) | | $ | (0.03) | | | From discontinued operations | | | (0.00) | | | (0.00) | | | Basic net loss per share | | $ | (0.01) | | $ | (0.03) | | | | | | | | | | | | Basic and Diluted weighted average shares outstanding | | | 100,573,956 | | | 42,691,256 | | | | | | | | | | | | Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | | | | | | | | | Convertible debt | | | - | | | 15,484,248 | | | Warrants | | | 1,100,794 | | | 1,344,222 | | | Options | | | 11,992,499 | | | 9,749,594 | | A summary of the net loss and shares used to compute the loss per share for the nine months ended June 30, 2014 and 2013 are as follows: | | | Nine months ended
June 30, | | | | | 2014 | | 2013 | | | Net Loss for computation of basic and diluted net loss per share: | | | | | | | | | From continuing operations | | $ | (1,821,300) | | $ | (3,823,300) | | | From discontinued operations | | $ | (4,400) | | $ | (15,200) | | | Net loss | | $ | (1,825,700) | | $ | (3,838,500) | | | Basic and Diluted net loss per share: | | | | | | | | | From continuing operations | | $ | (0.02) | | $ | (0.17) | | | From discontinued operations | | $ | (0.00) | | $ | (0.00) | | | Basic net loss per share | | $ | (0.02) | | $ | (0.17) | | | | | | | | | | | | Basic and Dilutive weighted average shares outstanding | | | 98,546,223 | | | 22,336,772 | | | | | | | | | | | | Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share: | | | | | | | | | Convertible debt | | | - | | | 28,520,408 | | | Warrants | | | 1,222,450 | | | 1,064,338 | | | Options | | | 11,768,663 | | | 7,429,517 | |
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