NOTE 13 – LOSS PER SHARE

Basic earnings per share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share reflects the potential dilution of securities by including other potential common stock, including convertible preferred stock, stock options and warrants, in the weighted average number of common shares outstanding for the period, if dilutive. The numerators and denominators used in the computations of basic and dilutive earnings per share are presented in the following table:

	December 31,
	2014			2013
Net loss used in computing basic and diluted earnings per share	$	(17,583	)	$	(14,996	)
Basic and diluted loss per share	$	(0.05	)	$	(0.05	)
Basic weighted average shares outstanding		377,547			302,518

Anti-dilutive shares as of December 31:
Warrants outstanding		38,000			38,000
Options outstanding		12,048			12,048

For the years ended December 31, 2014 and 2013, 12.0 million and 12.0 million options, and 38.0 million and 38.0 million warrants, respectively were not included in the diluted loss per share because the average stock price was lower than the strike price of these options and warrants.