16. Loss Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Loss Per Share

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

	2015			2014
Numerator:
Net Loss	$	(8,459,000	)	$	(6,512,000	)
Preferred Dividends		(640,000	)		(640,000	)
Loss Available to Common Shareholders	$	(9,099,000	)	$	(7,152,000	)
Denominator:
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	$	(1.71	)	$	(1.34	)
Diluted		(1.71	)		(1.34	)