Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.1.9
Earnings Per Share
12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 17 - 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 years ended December 31, 2014 and 2013 as they would be anti-dilutive. Therefore, there is no difference in the basic and dilutive earnings (loss) per share.

 

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

 

    Year ended
December 31, 2014
    Year ended
December 31, 2013
 
             
Net loss attributable to common stockholders   $ (11,269,637 )   $ (4,844,553 )
                 
Basic weighted average outstanding shares of common stock     86,696,836       71,716,392  
                 
Dilutive effect of common stock equivalents                
                 
Dilutive weighted average common stock equivalents     86,696,836       71,716,392  
                 
Net loss per share of voting and nonvoting common stock Basic and Diluted   $ (0.13 )   $ (0.07 )