7. Net Loss Per Share

3 Months Ended

Mar. 31, 2016

Earnings Per Share [Abstract]

7. Net Loss Per Share

Note 7 — 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. In a net loss position, however, potential securities are excluded, because they are considered anti-dilutive.

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,
	2016
Net loss	$	(890,586	)	$	(612,285	)
Weighted average outstanding shares of common stock		118,049,387			54,560,257
Dilutive effect of stock options and warrants		—			—
Common stock and equivalents		118,049,387			54,560,257
Net loss per share – Basic and diluted	$	(0.01	)	$	(0.01	)

There are no dilutive instruments outstanding during the three months ended March 31, 2016.