Twelve Months Ended

December 31,

2016

2015

(In thousands, except per share data)

Basic net income (loss) per share:

Net income (loss) applicable to common shares

$

(2,788,112

)

$

(814,075

)

Weighted average common shares outstanding

13,068,597

11,101,198

Basic net income (loss) per share of common stock

$

(0.21

)

$

(0.07

)

Diluted net income (loss) per share:

Net income (loss) applicable to common shares

$

(2,788,112

)

$

(814,075

)

Weighted average common shares outstanding

13,068,597

11,101,198

Dilutive effects of convertible debt, stock options and warrants

-

Weighted average common shares, assuming dilutive effect of stock options

13,068,597

11,101,198

Diluted net income (loss) per share of common stock

$

(0.21

)

$

(0.07

)