Earnings (Loss) per Share

Basic earnings or loss per common share is computed by dividing net income or loss applicable to common shareholders by the weighted average number of shares outstanding during each period. As the Company experienced net losses during the three and six months ended June 30, 2018, and 2017, respectively, no common stock equivalents have been included in the diluted earnings per common share calculations as the effect of such common stock equivalents would be anti-dilutive. For the three and six months ended June 30, 2018, there were 1,028,969 potentially dilutive shares consisting of; 332,707 outstanding options and 706,262 outstanding warrants, respectively. For the three and six months ended June 30, 2017, there were 3,529,896 potentially dilutive shares consisting of; (i) 261,372 outstanding options, (ii) 383,856 outstanding warrants and (iii) 2,884,668 shares for convertible debt, respectively.