| 4. Loss Per Share |
Basic income (loss) 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 income (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 income (loss) per common share:
| |
|
Net |
|
|
|
|
|
Per Share |
|
| |
|
Income (loss) |
|
|
Shares |
|
|
Amount |
|
| Basic net income per common share for the three months ended September 30, 2014: |
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
27,988 |
|
|
|
11,201,760 |
|
|
$ |
0.00 |
|
| Effect of dilutive stock options |
|
|
-- |
|
|
|
145,347 |
|
|
|
-- |
|
| Diluted net income per common share for the three months ended September 30, 2014: |
|
$ |
27,988 |
|
|
|
11,347,107 |
|
|
$ |
0.00 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net income per common share for the three months ended September 30, 2013: |
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
108,367 |
|
|
|
11,201,760 |
|
|
$ |
0.01 |
|
| Effect of dilutive stock options |
|
|
-- |
|
|
|
9,741 |
|
|
|
-- |
|
| Diluted net income per common share for the three months ended September 30, 2013: |
|
$ |
108,367 |
|
|
|
11,211,501 |
|
|
$ |
0.01 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net loss per common share for the nine months ended September 30, 2014: |
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(230,830 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
| Effect of dilutive stock options |
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
| Diluted net loss per common share for the nine months ended September 30, 2014: |
|
$ |
(230,830 |
) |
|
|
11,201,760 |
|
|
$ |
(0.02 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Basic net loss per common share for the nine months ended September 30, 2013: |
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(80,293 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
| Effect of dilutive stock options |
|
|
-- |
|
|
|
-- |
|
|
|
-- |
|
| Diluted net loss per common share for the nine months ended September 30, 2013: |
|
$ |
(80,293 |
) |
|
|
11,201,760 |
|
|
$ |
(0.01 |
) |
|