| 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 and nine month period ended June 30, 2015 and 2014, 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 loss and shares used to compute net loss per share for the three months ended June 30, 2015 and 2014 is as
follows:
| |
|
Three
months ended June 30, |
|
| |
|
2015 |
|
|
2014 |
|
| Net loss for computation of basic net
loss per share: |
|
|
|
|
|
|
|
|
| From
continuing operations |
|
$ |
(536,100 |
) |
|
$ |
(1,017,700 |
) |
| From
discontinued operations |
|
|
(700 |
) |
|
|
(1,100 |
) |
| Net
loss |
|
$ |
(536,800 |
) |
|
$ |
(1,018,800 |
) |
| Basic and diluted net loss per share: |
|
|
|
|
|
|
|
|
| From continuing operations |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
| From
discontinued operations |
|
|
(0.00 |
) |
|
|
(0.00 |
) |
| Basic net loss
per share |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
| |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
101,667,409 |
|
|
|
100,573,956 |
|
| |
|
|
|
|
|
|
|
|
| Anti-dilutive common equivalent shares
not included in the computation of dilutive net loss per share: |
|
|
|
|
|
|
|
|
| Convertible debt |
|
|
2,126,111 |
|
|
|
- |
|
| Warrants |
|
|
781,524 |
|
|
|
1,100,794 |
|
| Options |
|
|
12,625,686 |
|
|
|
11,992,499 |
|
A
summary of the net loss and shares used to compute net loss per share for the nine months ended June 30, 2015 and 2014 is as follows:
| |
|
Nine
months ended June 30, |
|
| |
|
2015 |
|
|
2014 |
|
| Net loss for computation of basic net
loss per share: |
|
|
|
|
|
|
|
|
| From
continuing operations |
|
$ |
(2,105,100 |
) |
|
$ |
(1,821,300 |
) |
| From
discontinued operations |
|
|
(2,500 |
) |
|
|
(4,400 |
) |
| Net
loss |
|
$ |
(2,107,600 |
) |
|
$ |
(1,825,700 |
) |
| Basic and diluted net loss per share: |
|
|
|
|
|
|
|
|
| From continuing operations |
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
| From
discontinued operations |
|
|
(0.00 |
) |
|
|
(0.00 |
) |
| Basic net loss
per share |
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
| |
|
|
|
|
|
|
|
|
| Basic and diluted weighted average shares outstanding |
|
|
101,667,409 |
|
|
|
98,546,223 |
|
| |
|
|
|
|
|
|
|
|
| Anti-dilutive common equivalent shares
not included in the computation of dilutive net loss per share: |
|
|
|
|
|
|
|
|
| Convertible debt |
|
|
1,854,618 |
|
|
|
- |
|
| Warrants |
|
|
841,192 |
|
|
|
1,222,450 |
|
| Options |
|
|
12,563,059 |
|
|
|
11,768,663 |
|
|