| 4. Loss Per Share |
Basic
(loss) earnings per share excludes dilution and is computed by dividing loss available to common shareholders by the weighted-average
number of shares outstanding for the period. Diluted loss per share reflects the potential dilution that could occur if securities
or other contracts to issue common stock were exercised or converted into common stock, except for periods when the Company reports
a net loss because the inclusion of such items would be antidilutive.
The
following is a reconciliation of the amounts used in calculating basic and diluted net loss per common share.
| |
|
Net |
|
|
Per
Share |
|
|
|
|
| |
|
Loss |
|
|
Shares |
|
|
Amount |
|
| Basic net loss per
common share for the three months ended June 30, 2013: |
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(136,519 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive
stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted net loss
per common share for the three months ended June 30, 2013: |
|
$ |
(136,519 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income
per common share for the three months ended June 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available
to common stockholders |
|
$ |
51,444 |
|
|
|
11,199,782 |
|
|
$ |
0.00 |
|
| Effect of dilutive
stock options |
|
|
- |
|
|
|
11,800 |
|
|
|
- |
|
| Diluted net income
per common share for the three months ended June 30, 2012: |
|
$ |
51,444 |
|
|
|
11,211,582 |
|
|
$ |
0.00 |
|
| |
|
Net |
|
|
Per
Share |
|
|
|
|
| |
|
Loss |
|
|
Shares |
|
|
Amount |
|
| Basic net loss per
common share for the six months ended June 30, 2013: |
|
|
|
|
|
|
|
|
|
| Loss
available to common stockholders |
|
$ |
(188,660 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
| Effect of dilutive
stock options |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Diluted net loss
per common share for the six months ended June 30, 2013: |
|
$ |
(188,660 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income
per common share for the six months ended June 30, 2012: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available
to common stockholders |
|
$ |
28,894 |
|
|
|
11,198,271 |
|
|
$ |
0.00 |
|
| Effect of dilutive
stock options |
|
|
- |
|
|
|
16,846 |
|
|
|
- |
|
| Diluted net income
per common share for the six months ended June 30, 2012: |
|
$ |
28,894 |
|
|
|
11,215,117 |
|
|
$ |
0.00 |
|
|