16. Loss Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Loss Per Share

The following is a summary of the calculations used in computing basic and diluted loss per share:

	2014			2013
Numerator:
Net Loss	$	(6,512,000	)	$	(6,904,000	)
Preferred Dividends		(640,000	)		(640,000	)
Loss Available to Common Shareholders	$	(7,152,000	)	$	(7,544,000	)
Denominator:
BASIC
Weighted average amount of shares outstanding		5,317,758			5,317,758
DILUTED
Weighted average amount of shares outstanding		5,317,758			5,317,758
Dilutive effect of assumed conversion of
Preferred Stock		-			-
Dilutive common shares		5,317,758			5,317,758
Loss per share
Basic	$	(1.34	)	$	(1.42	)
Diluted		(1.34	)		(1.42	)