Loss per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Loss per Share

Note 9. Loss per Share

In accordance with FASB ASC 260, Earnings per Share, basic earnings (loss) per common share is computed using net earnings (loss) divided by the weighted average number of common shares outstanding for the periods presented. The computation of diluted earnings per common share involves the assumption that outstanding common shares are increased by shares issuable upon exercise of those warrants for which the market price exceeds the exercise price. The number of shares issuable upon the exercise of such warrants is decreased by shares that could have been purchased by the Company with related proceeds. Because the Company reported a net loss for the three months ended March 31, 2015 and March 31, 2014, common stock equivalents, consisting of warrants to purchase common stock, were anti-dilutive.