Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share Information

v2.4.0.6
Earnings Per Share Information
 3 Months Ended
Mar. 31, 2012
Earnings Per Share Information [Abstract]  
Earnings Per Share Information

Note 2 - Earnings per share information

 

Profit/Loss per Common Share

 

Profit/Loss per share amounts are computed by dividing profit or loss applicable to the common shareholders of the Company by the weighted-average number of common shares outstanding during each period. Diluted profit or loss per share amounts are computed assuming the issuance of common stock for potentially dilutive common stock equivalents. 

For the Three Months Ended

March 31,

2012

2011

Net Income (loss)

 

$ 358,964

 

$ (204,476)

Basic Weighted-Average Common Shares Outstanding

285,062,812

270,464,478

Effect of dilutive securities

     Warrants

14,078,448

-  

     Options

9,445,220

-  

Diluted Weighted-Average Common Shares Outstanding

308,586,480

270,464,478

Basic Income (loss) Per Common Share

     Net Income (loss)

0.0013

(0.0008)

Diluted Income (loss) Per Common Share

     Net Income (loss)

0.0012

(0.0008)

 

 

The Following stock options, warrants, convertible notes, and convertible preferred stock are currently antidilutive and have been excluded from the calculations of diluted profit or loss per share at March 31, 2012 and 2011, as follows: 

 

March 31,

2012

2011

Convertible notes

 

19,028,671

Convertible preferred stock - Series B

11,818,181

11,818,181

Warrants

10,507,214

26,475,662

Compensation-based stock options and warrants

65,036,263

68,831,483

106,261,658

126,153,997