Loss Per Share

A reconciliation of the components of basic and diluted net loss per share of common stock is presented below:



	Three Months Ended March 31, 2013					Three Months Ended March 31, 2012
	Loss		Weighted Average Shares	Loss Per Share		Loss		Weighted Average Shares	Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	501,033	2,642,495	$	0.19	$	243,079	1,641,894	$	0.15
Diluted Loss per Share:
Net loss attributable to common stock	$	501,033	2,642,495	$	0.19	$	243,079	1,641,894	$	0.15

	Nine Months Ended March 31, 2013					Nine Months Ended March 31, 2012
	Loss		Weighted Average Shares	Loss Per Share		Loss		Weighted Average Shares	Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	5,899,240	2,537,466	$	2.32	$	2,385,729	1,598,203	$	1.49
Diluted Loss per Share:
Net loss attributable to common stock	$	5,899,240	2,537,466	$	2.32	$	2,385,729	1,598,203	$	1.49

	Period from Inception (October 15, 2009) to March 31, 2013
	Loss		Weighted Average Shares	Loss Per Share
Basic Loss per Share:
Net loss attributable to common stock	$	14,115,732	1,846,871	$	7.64
Diluted Loss per Share:
Net loss attributable to common stock	$	14,115,732	1,846,871	$	7.64

Options and warrants to purchase 1,630,999 shares of common stock were outstanding as of March 31, 2013, and options to purchase 50,000 shares of common stock were outstanding as of March 31, 2012. These options and warrants were not included in the computation of diluted earnings per share for the respective three or nine month period, due to being anti-dilutive as a result of the Company’s net loss for all periods presented.