10.	LOSS PER SHARE

	Income (Numerator)			Weighted Average Number of Shares (Denominator)		Loss Per Share

2012
Loss for the year	$	(3,400,434	)
Preferred stock dividends		(15,460	)

Loss attributable to common shareholders	$	(3,415,894	)		59,780,612	$	(0.06	)

2011
Loss for the year	$	(2,841,285	)
Preferred stock dividends		(15,460	)

Loss attributable to common shareholders	$	(2,856,745	)		56,487,578	$	(0.05	)

2010
Loss for the year	$	(2,929,737	)
Preferred stock dividends		(15,462	)

Loss attributable to common shareholders	$	(2,945,199	)		51,520,654	$	(0.06	)

Common share equivalents consisting of stock options and warrants are not considered in the computation of diluted loss per share because their effect would be anti-dilutive.