Quarterly report pursuant to Section 13 or 15(d)

Organization and Nature of Business (Tables)

v3.7.0.1
Organization and Nature of Business (Tables)
6 Months Ended
Jun. 30, 2017
Organization And Nature Of Business Tables  
Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

Common equivalent shares, consisting of incremental common shares for the three months ended June 30, 2017 issuable upon the exercise of stock options, warrants, and convertible debt have been included in the diluted earnings per share calculation. These shares have not been included for the three and six months ended June 30, 2016 or the six months ended June 30, 2017 because their effect is anti-dilutive.

  

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2017     2016     2017     2016  
                         
Numerator:                                
Net income (loss) for basic earnings per share   $ 1,857,989     $ (1,453,537 )   $ (5,906,987 )   $ (2,357,000 )
                                 
Denominator:                                
Weighted average common shares outstanding     234,997,177       111,155,833       198,404,131       108,861,547  
Shares used in calculation- basic     234,997,177       111,155,833       198,404,131       108,861,547  
                                 
Shares issuable for stock options, warrants and convertible debt     95,804,089       -       -       -  
Shares used in calculation- diluted     330,801,266       111,155,833       198,404,131       108,861,547  
                                 
Net income (loss) per share                                
Basic   $ 0.01     $ (0.01 )   $ (0.03 )   $ (0.02 )
                                 
Diluted   $ 0.01     $ (0.01 )   $ (0.03 )   $ (0.02 )