Quarterly report pursuant to Section 13 or 15(d)

Loss per Share

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Loss per Share
9 Months Ended
Sep. 30, 2012
Loss per Share  
Loss per Share

6.                                      Loss per Share

 

In the three and nine months ended September 30, 2012 and 2011, basic and diluted loss per share have been computed using only the weighted average number of common shares outstanding during the period without giving effect to any potential future issuances of common stock related to stock option programs, investor warrants or convertible notes, since their inclusion would be anti-dilutive.

 

For the three and nine months ended September 30, 2012, 50,047,785 and 47,096,392 shares attributable to outstanding warrants, convertible notes and stock options, and for the three and nine months ended September 30, 2011, 46,102,000 shares attributable to outstanding warrants, convertible notes and stock options were excluded from the calculation of diluted earnings per share because the effect would have been anti-dilutive.