Note 4 - Income (loss) Per Share

6 Months Ended

Jun. 30, 2016

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 June 30,		Six Months Ended June 30,
	2016	2015	2016	2015

Weighted average number of shares outstanding - basic	460,164,835	279,277,078	448,365,845	253,103,538
Dilutive effect of shares issuable for convertible debt	1,196,556,159	-	897,788,720	-

Weighted average number of shares outstanding - dilutive	1,656,720,994	279,277,078	1,346,154,565	253,103,538