Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

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Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
Earnings Per Share

 

Basic earnings per share excludes dilution and is computed by dividing income available to common shareholders by the weighted-average number of shares outstanding for the period. Diluted earnings 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  
  Income Shares Amount
Basic net loss per common share for the      
    three months ended March 31, 2012:      
Income available to common stockholders ($22,550) 11,196,760 $0.00
Effect of dilutive stock options -- -- --
Diluted net loss per common share for the      
    three months ended March 31, 2012: ($22,550) 11,196,760 $0.00
       
Basic net loss per common share for the      
    three months ended March 31, 2011:      
Income available to common stockholders ($9,095) 11,196,760 $0.00
Effect of dilutive stock options -- -- --
Diluted net loss per common share for the      
    three months ended March 31, 2011: ($9,095) 11,196,760 $0.00