Earnings (Loss) Per Share (EPS)

12 Months Ended

Dec. 31, 2011

Earnings (Loss) Per Share (EPS)

Note 3. Earnings (Loss) Per Share (EPS)

Dilutive common stock equivalents include 0 warrants for 2011 and 12,900,000 warrants for 2010 which are not included in the computation of diluted earnings per share for 2010 because to do so would be anti-dilutive.  All share and per share information are adjusted retroactively to reflect stock splits and changes in par value, when applicable.

Following is the computation of basic and diluted net income (loss) per share for the years ended December 31, 2011 and 2010:

	December 31,
	2011		2010
Numerator - net income (loss)	$	4,457,582	$	(4,266,626	)
Denominator - weighted average number of common shares outstanding		63,075,122		63,075,122
Basic and diluted net income (loss) per common share	$	0.07	$	(0.07	)