Quarterly report pursuant to Section 13 or 15(d)

NET LOSS PER SHARE

v3.7.0.1
NET LOSS PER SHARE
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
NET LOSS PER SHARE

NOTE 9: NET LOSS PER SHARE

 

The Company accounts for and discloses net loss per common share in accordance with FASB Accounting Standards Codification (“ASC”) Topic 260, Earnings Per Share. Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding. Diluted net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares that would have been outstanding during the period assuming the issuance of common shares for all potential dilutive common shares outstanding. Potential common shares consist of shares issuable upon the exercise of stock options and warrants. Because the inclusion of potential common shares would be anti-dilutive for all periods presented, diluted net loss per common share is the same as basic net loss per common share for those periods.

 

The following table sets forth the number of potential common shares excluded from the calculation of net loss per diluted share for the three months ended March 31, 2017 and 2016 because the effect of them would be anti-dilutive:

 

    Three Months Ended  
March 31,
 
    2017     2016  
Options to purchase common stock     361,676       213,448  
Warrants to purchase common stock     402,228       402,228  
Total     782,985       615,676