Quarterly report pursuant to Section 13 or 15(d)

4. Loss Per Share

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4. Loss Per Share
6 Months Ended
Jun. 30, 2013
(Loss) income per common share:  
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