NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 10.   NET INCOME (LOSS) PER SHARE

Basic net income (loss) per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the reporting period.  Diluted net loss per share is computed similarly to basic loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised as of the first day of the reporting period, along with the impact of those dilutive securities on net income (loss).

		Three months ended September 30,				Nine months ended September 30,
		2017		2016		2017		2016
Net income (loss)	$	586,873	$	(14,447,094)	$	4,225,197	$	(16,971,797)
Gain on derivative warrant liability		(2,421,000)		–		(10,580,000)		–
	$	(1,834,127)	$	(14,447,094)	$	(6,354,803)	$	(16,971,797)
Weighted average outstanding shares of common stock		20,654,502		15,495,421		19,883,329		15,270,968
Warrants – Debt		4,778,627		–		4,960,848		–
Stock options		3,662,422		–		4,667,825		–
Other warrants		91,224		–		112,186		–
Common stock and equivalents		29,186,775		15,495,421		29,624,188		15,270,968
Net income (loss) per share
Basic	$	0.03	$	(0.93)	$	0.21	$	(1.11)
Diluted		(0.06)		(0.93)		(0.21)		(1.11)

In 2016, outstanding stock options and common stock warrants are considered anti-dilutive because we were in a net loss position.