Net income (loss) per common share
The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net income (loss) per common share is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding for the period. Diluted loss per share includes potentially dilu tive securities such as outstanding options and warrants, using various methods such as the treasury stock or modified treasury stock method in the determination of dilutive shares outstanding during each reporting period. Because the Company reported a net loss in 2015, the warrants to purchase 4,000,000 shares of Common Stock issued in connection with the Offering have not been included in the diluted net loss per share since these securities would reduce the loss per common share and become anti-dilutive. During the period ended March 31, 2017, there were no dilutive securities. As a result, diluted income (loss) per common share is the same as basic income (loss) per common share for each period presented.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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