Loss Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Loss Per Share

Note 5 – Loss Per Share

Net loss per weighted average common share outstanding—basic and diluted are computed based on the weighted average number of common shares outstanding for the period. The weighted average number of common shares outstanding for the nine month period ended September 30, 2016 was 405,127 and for the nine month period ended September 30, 2015 was 405,096. The weighted average number of common shares outstanding for the three month period ended September 30, 2016 was 405,169 and for the three month period ended September 30, 2015 was 405,096. Common share equivalents of 2,610,275 as of the nine month period ended September 30, 2016 include outstanding Class A Cumulative Convertible Preferred Shares (the “Preferred Class A Shares”), Class C Cumulative Convertible Preferred Shares (the “Preferred Class C Shares”), and convertible notes payable. Common share equivalents of 2,448,892 as of the nine month period ended September 30, 2015 include outstanding Preferred Class A Shares and Preferred Class C Shares, The common share equivalents are not included in net loss per weighted average common share outstanding—diluted as they would be anti-dilutive.