Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.5.0.2
Earnings Per Share
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
10. EARNINGS PER SHARE

 

The following table sets forth the composition of the weighted average shares (denominator) used in the basic and dilutive earnings per share computation for the three months ended June 30, 2016, the year ended December 31, 2015 and for the period from inception March 6, 2014 through December 31, 2014.

 

      Three Months Ended 
June 30,
2016
    Year Ended December 31,
2015
 
  Net Loss   $ (222,527 )   $ (528,756 )
                   
  Weighted average share outstanding basic     9,481,405       6,563,271  
  Effect of dilutive common stock equivalents                
  Adjusted weighted average shares  outstanding-dilutive     9,481,405       6,563,271  
  Basic loss per share   $ (.02 )   $ (.08 )
  Dilutive loss per share   $ (.02 )   $ (.08 )

 

The effective of the 1,872,000 stock option and the 3,548,515 of warrants outstanding as of June 30, 2016 is antidilutive and therefore not presented in the above table.