Note 4 - Income (loss) Per Share

3 Months Ended

Mar. 31, 2016

Notes

Note 4 - Income (loss) Per Share

NOTE 4 – INCOME (LOSS) PER SHARE

The computation of basic income (loss) per common share is based on the weighted average number of shares outstanding during each period.

The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the period plus the common stock equivalents that would arise from the exercise of stock options and warrants outstanding and conversion of debt, using the treasury stock method and the average market price per share during the period.  Common stock equivalents are not included in the diluted loss per share calculation when their effect is anti-dilutive.

The common shares used in the computation of our basic and diluted net income (loss) per share are reconciled as follows:

	Three Months Ended March 31,
	2016	2015
Weighted average number of shares outstanding - basic	436,566,855	226,639,181
Dilutive effect of shares issuable for convertible debt	3,423,766,944	-
Weighted average number of shares outstanding - dilutive	3,860,333,799	226,639,181