Quarterly report pursuant to Section 13 or 15(d)

Net Loss per Share (Tables)

v3.5.0.2
Net Loss per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table sets forth the computation of the Company’s basic and diluted net loss per share for the periods presented:
 
 
 
Three Months Ended
 
Nine Months Ended
 
 
 
September 30,
 
September 30,
 
 
 
2016
 
2015
 
2016
 
2015
 
Net loss
 
$
595,411
 
$
76,484
 
$
819,352
 
$
208,460
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares used in computing net loss per share, basic and diluted
 
 
5,289,882
 
 
5,289,136
 
 
5,289,221
 
 
5,289,136
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss per share, basic and diluted
 
$
(0.11)
 
$
(0.01)
 
$
(0.15)
 
$
(0.04)
 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following securities were excluded from the computation of diluted net loss per share for the periods presented because including them would have been antidilutive:
 
 
 
As of September 30,
 
 
 
2016
 
2015
 
Stock options (exercise price - $4.50 per share)
 
 
200,000
 
 
NA
 
 
 
 
 
 
 
 
 
Total common stock equivalents
 
 
200,000
 
 
NA