Loss Per Share Disclosure

3 Months Ended

Mar. 31, 2014

Loss Per Share Disclosure

3. Loss Per Share Disclosure

The Company calculates its loss per share in accordance with ASC 260-10, “Earnings Per Share.” There were 74,501,559 and 50,611,879 weighted average shares outstanding on a basic and diluted basis for the three months ended March 31, 2014 and 2013, respectively. In addition, there were 55,000 weighted average shares related to stock options exercisable for the three months ended March 31, 2013 that were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the Company had a net loss for the period. All outstanding stock options of the Company either were exercised or expired during 2013. Accordingly, there were no stock options outstanding during the three months ended March 31, 2014.