8. Net Loss Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Loss Per Share

The following table sets forth the information needed to compute basic and diluted income (loss) per share:

	Three Months Ended
	March 31,
	2015			2014
Basic net (loss) per common share
Net Loss	$	(706,259	)	$	(476,792	)
Convertible Note - interest	$	82,250			–
Convertible Note - derivative income	$	(327,237	)		–
Preferred stock dividends		(6,277	)		(6,277	)
Numerator for basic net (loss)	$	(957,523	)	$	(483,063	)
Basic net (loss) per common share
Net income (loss)	$	(0.01	)	$	(0.01	)
Diluted net (loss) per common share
Net income (loss)	$	(0.01	)	$	(0.01	)
Weighted average common shares outstanding:		53,911,094			36,740,854
Dilutive securities
Preferred Stock A, B, C, D		34,695,043			37,003,336
Convertible Note		11,250,281			–
Diluted weighted average common shares outstanding and assumed conversion		99,856,418			73,744,190

For the three month period ended March 31, 2015 certain potential shares of common stock have been excluded from the calculation of diluted income per share because the exercise price was greater than the average market price of our common stock, and therefore, the effect on diluted income per share would have been anti-dilutive. The following table sets forth the number of potential shares of common stock that have been excluded from diluted net income per share because their effect was anti-dilutive.

Warrants:

Three Months Ended March 31,
2015		2014
	6,178,233		5,378,233