Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

v2.4.0.6
NET LOSS PER SHARE
 12 Months Ended
Dec. 31, 2011
NET LOSS PER SHARE

12.   NET LOSS PER SHARE

 

Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss, as adjusted, by the sum of the weighted average number of shares of common stock and the dilutive potential common stock equivalents then outstanding.  Potential common stock equivalents consist of stock options and convertible debt.  Since there is a net loss attributable to common stockholders for the years ended December 31, 2011 and 2010, the inclusion of common stock equivalents in the computation for those periods would be antidilutive. Accordingly, basic and diluted net loss per share is the same for all periods presented.

 

 

The following potentially dilutive securities have been excluded from the computation of diluted net loss per share since their inclusion would be antidilutive:

 

          Cumulative  
          Development-  
          Stage Period  
          from  November  
          7, 2002  
          (inception)  
    Twelve Months Ended     through  
    December 31,     December 31,  
    2011     2010     2011  
Convertible debt     —       3,646,370       —  
Warrants     17,403,989       —       17,403,989  
Stock options     4,827,638       769,189       4,827,638