Annual report pursuant to Section 13 and 15(d)

Loss Per Common Share

v2.4.0.6
Loss Per Common Share
 12 Months Ended
Dec. 31, 2011
Equity  
Comprehensive Income (Loss) Note [Text Block]

NOTE 10 - LOSS PER COMMON SHARE

 

The following table presents the computation of basic and diluted loss per share for the years ended December 31, 2011 and 2010:

 

 

 

 

 

 

 

 

 

 

2011

 

 

2010

 

Net loss available for common shareholders

 

$

(408,967

)

 

$

(154,590

)

Loss per share (basic and assuming dilution)

 

$

(0.01

)

 

$

(0.00

)

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

Basic

 

 

50,556,418

 

 

 

37,000,000

 

Fully diluted

 

 

50,556,418

 

 

 

37,000,000

 

 

Fully-diluted weighted-average common shares outstanding are not utilized in the calculation of loss per common share as the effect would be anti-dilutive, decreasing the reported loss per common share.