Basic net loss per common share is computed by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period and adjusting for the dilutive effect of common stock equivalents. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. Potential participating securities that were deemed to be anti-dilutive are noted below for the three and six months ended June 30, 2016 and 2015:
|Three months ended June 30,||2016||2015|
|Effect of dilutive securities||5,478,944||5,479,944|
|Six months ended June 30,||2016||2015|
|Effect of dilutive securities||||4,654,251|
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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