Loss per Share Disclosure

12 Months Ended

Dec. 31, 2013

Loss per Share Disclosure

9. Loss per Share Disclosure

The Company calculates its loss per share in accordance with ASC 260-10, “Earnings Per Share.” There were 56,580,155 and 50,611,879 weighted average shares outstanding on a basic and diluted basis for the years ended December 31, 2013 and 2012, respectively. In addition, there were 22,671 and 55,000 weighted average shares related to stock options exercisable for the years ended December 31, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company has a net loss for each period presented. All outstanding stock options of the Company either were exercised or expired during 2013.