Annual report pursuant to Section 13 and 15(d)

SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2015
Significant Accounting Policies Tables  
Computations of weighted average shares outstanding

The following potentially dilutive securities have been excluded from the computations of weighted average shares outstanding as of December 31, 2015 and 2014, as they would be anti-dilutive:

 

    December 31,  
    2015     2014  
Shares underlying options outstanding     14,850,000       15,350,000  
Shares underlying warrants outstanding     2,630,000       2,630,000  
Shares underlying convertible notes outstanding     9,313,725       -  
      26,793,725       17,980,000