Organization and Description of Business: Earnings Per Share (Policies)
 9 Months Ended
Sep. 30, 2016
Policies  
Earnings Per Share

 

h. Earnings per Share

 

The computation of earnings per share of common stock is based on the weighted average number of shares outstanding during the period of the financial statement as follows:

 

 

 

For the Three Months Ended September 30, 2016

 

For the Three Months Ended September 30, 2015

 

For the Nine Months Ended September 30, 2016

 

For the Nine Months Ended September 30, 2015

Net income (loss) (numerator)

 

 (716,807)

 

 (307,378)

 

 (842,893)

 

 (823,228)

Shares (denominator)

 

38,029,013

 

35,819,237

 

37,115,307

 

35,096,863

Net income (loss) per share

 

  (0.02)

 

  (0.01)

 

 (0.02)

 

  (0.02)

 

Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. During the periods ended September 30, 2016 and September 30, 2015 there were no outstanding common stock equivalents.  Furthermore, due to the net loss for the three and nine months ended September 30, 2016 and 2015, common stock equivalents would not be included in the calculation of the net loss per common share, as their inclusion would be anti-dilutive.