Note 2 - Significant Accounting Policies: Net (loss) Income Per Share (Policies)
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12 Months Ended |
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Dec. 31, 2012
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Policies | |
Net (loss) Income Per Share |
Net Loss Income Per Share
The Company accounts for net loss income per share in accordance with Accounting Standards Codification subtopic 260-10, Earnings Per Share (ASC 260-10), which requires presentation of basic and diluted earnings per share (EPS) on the face of the statement of operations for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS.
Basic net loss income per share is computed by dividing net loss income by the weighted average number of shares of common stock outstanding during each period. It excludes the dilutive effects of any potentially issuable common shares. Diluted net loss income share is calculated by including any potentially dilutive share issuances in the denominator. As of December 31, 2012, potentially dilutive shares issuances were comprised of convertible notes payable and vested employee stock options. As of December 31, 2011, the Company did not have any potentially issuable common shares. |
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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