8. Net Loss Per Share

3 Months Ended

Mar. 31, 2015

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 months ended March 31, 2015. 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 months ended March 31, 2015, 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 March 31,
		2015		2014
Net loss	$	(612,285	)	$	(552,323	)
Weighted average outstanding shares of common stock		54,560,257			32,339,542
Dilutive effect of stock options and warrants		—			—
Common stock and equivalents		54,560,257			32,339,542
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.02	)

There are no dilutive instruments outstanding during the three months ended March 31, 2015.