Quarterly report pursuant to Section 13 or 15(d)

LOSS PER SHARE

v2.4.1.9
LOSS PER SHARE
 3 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
8.
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 month period ended December 31, 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 December 31, 2014 and 2013 is as follows:
 
 
 
Three months ended
 
 
 
December 31,
 
 
 
2014
 
2013
 
Net income (loss) for computation of basic net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(873,700)
 
$
138,700
 
From discontinued operations
 
$
(900)
 
$
(3,600)
 
Net income (loss)
 
$
(874,600)
 
$
135,100
 
Basic net income (loss) per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.01)
 
$
0.00
 
From discontinued operations
 
$
(0.00)
 
$
(0.00)
 
Basic net income (loss) per share
 
$
(0.01)
 
$
0.00
 
Net income (loss) for computation of dilutive net loss per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(873,700)
 
$
138,700
 
From discontinued operations
 
$
(900)
 
$
(3,600)
 
Net income (loss)
 
$
(874,600)
 
$
135,100
 
Diluted net income (loss) per share:
 
 
 
 
 
 
 
From continuing operations
 
$
(0.01)
 
$
0.00
 
From discontinued operations
 
$
(0.00)
 
$
(0.00)
 
Basic net income (loss) per share
 
$
(0.01)
 
$
0.00
 
 
 
 
 
 
 
 
 
Basic weighted average shares outstanding
 
 
101,667,409
 
 
95,047,482
 
Dilutive common equivalent shares
 
 
-
 
 
12,800,483
 
Diluted weighted average common shares
 
 
101,667,409
 
 
107,847,965
 
 
 
 
 
 
 
 
 
Anti-dilutive common equivalent shares not included in the computation of dilutive net loss per share:
 
 
 
 
 
 
 
Convertible debt
 
 
1,650,000
 
 
-
 
Warrants
 
 
939,404
 
 
-
 
Options
 
 
12,417,499
 
 
-