| EARNINGS (LOSS) PER SHARE |
8. EARNINGS (LOSS) PER SHARE
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The Company has calculated the loss allocable to the common shareholders for the periods ended June 30, 2012 and 2011:
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For the Quarters Ended
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For the Six Months Ended
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June 30, 2012
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June 30, 2011
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June 30, 2012
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June 30, 2011
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Numerator:
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Net Loss
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$ |
(779,434 |
) |
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$ |
(722,717 |
) |
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$ |
(1,484,464 |
) |
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$ |
(1,230,119 |
) |
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Numerator for basic and diluted
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$ |
(779,434 |
) |
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$ |
(722,717 |
) |
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$ |
(1,484,464 |
) |
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$ |
(1,230,119 |
) |
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Denominator:
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Weighted-average number of
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common shares outstanding
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159,819,863 |
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101,116,161 |
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159,819,863 |
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101,161,161 |
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$ |
(0.01 |
) |
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$ |
(0.01 |
) |
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$ |
(0.01 |
) |
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$ |
(0.01 |
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