XML 14 R9.htm IDEA: XBRL DOCUMENT v3.3.0.814
4. Loss Per Share
9 Months Ended
Sep. 30, 2015
Net (loss) income per common share:  
4. Loss Per Share

Basic (loss) income per share excludes dilution and is computed by dividing loss available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted (loss) income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports a net loss because the inclusion of such items would be antidilutive.

 

The following is a reconciliation of the amounts used in calculating basic and diluted net (loss) income per common share:

 

    Net Loss     Shares     Per Share Amount  
Basic net loss per common share for the three months ended September 30, 2015:                  
Loss available to common stockholders   $ (97,742 )     11,201,760     $ (0.01 )
Effect of dilutive stock options     -       -       -  
Diluted net loss per common share for the three months ended September 30, 2015   $ (97,742 )     11,201,760     $ (0.01 )
                         
Basic net income per common share for the three months ended September 30, 2014:                        
Income available to common stockholders   $ 27,988       11,201,760     $ 0.00  
Effect of dilutive stock options     -       145,347       -  
Diluted net income per common share for the three months ended September 30, 2014   $ 27,988       11,347,107     $ 0.00  

 

    Net Loss     Shares     Per Share Amount  
Basic net loss per common share for the nine months ended September 30, 2015:                        
Loss available to common stockholders   $ (278,222 )     11,201,760     $ (0.02 )
Effect of dilutive stock options     -       -       -  
Diluted net loss per common share for the nine months ended September 30, 2015   $ (278,222 )     11,201,760     $ (0.02 )
                         
Basic net loss per common share for the nine months ended September 30, 2014:                        
Loss available to common stockholders   $ (230,830 )     11,201,760     $ (0.02 )
Effect of dilutive stock options     -       -       -  
Diluted net loss per common share for the nine months ended September 30, 2014   $ (230,830 )     11,201,760     $ (0.02 )