Annual report pursuant to Section 13 and 15(d)

Note 17 - LOSS PER COMMON SHARE

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Note 17 - LOSS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 17 - LOSS PER COMMON SHARE

The following table presents the computation of basic and diluted loss per share for the years ended December 31, 2013 and 2012:

 

    2013     2012  
Net loss available for common shareholders   $ (3,838,522 )   $ (885,807 )
Loss per share (basic and assuming dilution)   $ (0.03 )   $ (0.01 )
                 
Weighted average common shares outstanding                
Basic     117,381,720       106,153,613  
Fully diluted     117,381,720       106,153,613  

 

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.