NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2016

Noncontrolling Interest [Abstract]

Dilutive effect on earnings per share

The following table presents a reconciliation of the denominators used in the computation of net loss per share – basic and diluted:

		Three months ended March 31,
		2016		2015
Net loss	$	(1,188,232)	$	(828,493)
Weighted average outstanding shares of common stock		14,930,256		13,095,465
Dilutive effect of stock options and warrants		--		--
Common stock and equivalents		14,930,256		13,095,465
Net loss per share – Basic and diluted	$	(0.08)	$	(0.06)