8. Net Loss Per Share

9 Months Ended

Sep. 30, 2014

Earnings Per Share [Abstract]

8. Net Loss Per Share

Note 8 – Net Loss Per Share

Basic net loss per share is computed by dividing net income by the weighted-average number of common shares outstanding during the reporting period. Diluted net loss per share is computed similarly to basic net loss per share, except that it includes the potential dilution that could occur if dilutive securities are exercised. Since Energie, the “predecessor company,” was an LLC, it did not have common shares outstanding prior to the Share Exchange on July 2, 2014. Accordingly, we have prepared the calculation of Net Loss Per Share using the weighted-average number of common shares of Holdings that were outstanding during the three and nine months ended September 30, 2014. Additionally, Holdings did not exist in 2013, so we have used the weighted-average number of common shares of Holdings that were outstanding for the three and nine months ended September 30, 2014, so that a comparison of net loss per share may be presented.

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

	Three months ended September 30,						Nine months ended September 30,
	2014			2013			2014			2013
Net loss	$	(675,693	)	$	(332,749	)	$	(1,720,932	)	$	(804,786	)
Weighted average outstanding shares of common stock		50,705,662			50,705,662			29,979,721			29,979,721
Dilutive effect of stock options and warrants		—			—			—			—
Common stock and equivalents		50,705,662			50,705,662			29,979,721			29,979,721
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.06	)	$	(0.03	)

There are no dilutive instruments outstanding during the three and nine months ended September 30, 2014.