Note 7 - Loss Per Common Share

3 Months Ended

Mar. 31, 2016

Note 7. Loss Per Common Share

The computation of basic net loss per share is based on the weighted average number of common shares outstanding for the three-month periods ended March 31, 2016 and March 31, 2015. Diluted net loss per share gives effect to stock awards, stock options and restricted stock units using the treasury stock method, unless the impact is anti-dilutive. Diluted net loss per share as of March 31, 2016 does not include 784,613 unvested stock awards, 1,377,337 stock options and 3,045,327 warrants as their effect was anti-dilutive. Diluted net loss per share as of March 31, 2015 does not include 489,471 stock awards, 975,312 stock options and 3,045,327 warrants as their effect was anti-dilutive.

	March 31, 2016			March 31, 2015
Net loss	$	(39,278,670	)	$	(20,667,064	)
Weighted Average Shares-Basic		37,829,257			37,527,010
Dilutive effect of stock options and restricted stock units		-			-
Weighted Average Shares Diluted		37,829,257			37,527,010
Basic loss per share	$	(1.04	)	$	(0.55	)
Diluted loss per share	$	(1.04	)	$	(0.55	)