XML 37 R15.htm IDEA: XBRL DOCUMENT

I. NET LOSS PER SHARE

3 Months Ended

Dec. 31, 2014

The following table provides the details of the basic and diluted loss per-share computations:

	Three Months Ended December 31, 2014
	Net Loss			Weighted Average Shares		LPS

Basic LPS	$	(7,845,318	)		88,960,783	$	(0.09	)
Gain on derivatives		(2,162,970	)

Dilutive loss per share	$	(10,008,288	)		88,960,783	$	(0.11	)

	Three Months Ended December 31, 2013
	Net Loss			Weighted Average Shares		LPS

Basic loss per share	$	(5,451,865	)		48,215,919	$	(0.11	)
Gain on derivatives		(1,610,817	)

Dilutive loss per share	$	(7,062,652	)		48,215,919	$	(0.15	)

The calculation of diluted net loss per share excludes 15,700,000 shares of unvested restricted stock for the three months ended December 31, 2014, because their inclusion would be anti-dilutive. Also, excluded from the weighted average number of shares used in the computations of dilutive net loss per share, were options and warrants to purchase approximately 39,452,000 and 40,866,000 shares of common stock as of December 31, 2014 and 2013, respectively, because their inclusion would be anti-dilutive.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References+ Details