Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share
9 Months Ended
Sep. 30, 2015
Earnings Per Share [Abstract]  
Earnings Per Share



FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator denominator of the basic and diluted earnings (loss) per share (EPS) computations.


Basic earnings (loss) per share are computed by dividing the net loss available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares are dilutive.


As the Company has net losses, the Company had no potential dilutive securities for the nine months ended September 30, 2015 and 2014 as they would be anti-dilutive. Therefore, there is no difference in the basic and dilutive loss per share.


The following table sets for the computation of basic and diluted net loss per share:


    For the     For the  
    Nine months     Nine months  
    Ended     Ended  
    September 30, 2015     September 30, 2014  
Net loss attributable to common stockholders   $ (2,965,069 )   $ (3,546,789 )
Basic weighted average outstanding shares of common stock     139,103,989       85,200,993  
Dilutive effect of common stock equivalents            
Dilutive weighted average common stock equivalents     139,103,989       85,200,993  
Net loss per share of voting and nonvoting common stock Basic and Diluted   $ (0.02 )   $ (0.04 )