8. Net Loss Per Share

12 Months Ended

Dec. 31, 2016

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. In a net loss position, however, potential securities are excluded, because they are considered anti-dilutive. 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 years ended December 31, 2016 and 2015.

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

	Year ended December 31,
	2016			2015
Net loss available for stockholders	$	(3,455,227	)	$	(2,995,626	)
Weighted average outstanding shares of common stock		176,839,038			74,761,927
Dilutive effect of securities		—			—
Common stock and equivalents		176,839,038			74,761,927
Net loss per share – Basic and diluted	$	(0.02	)	$	(0.04	)

There are no dilutive instruments outstanding during the years ended December 31, 2016 and 2015.