Net Loss Per Common Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note C – Net Loss Per Common Share

Basic net loss per common share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted net loss per common share includes the weighted average dilutive effect of stock options and warrants. Potential common shares outstanding as of September 30, 2013 and 2012:

	September 30, 2013	September 30, 2012
Warrants	2,435,000	375,000
Options	3,519,580	3,139,080

The number of securities not included in the diluted net loss per common share for the three and nine months ended September 30, 2013 and the three and nine months ended September 30, 2012 (because the effect would have been anti-dilutive) were 5,954,580 and 3,514,080, respectively.