4. Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2013

Earnings (Loss) Per Share

4. Net Income (Loss) Per Share

Basic earnings per share (EPS) were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive awards and options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income (loss) for the three and six months ended June 30, 2013 and 2012.

	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2012		2013			2012
Numerator:
Numerator for basic and diluted earnings per share, net income (loss) available to common shareholders	$	(266,484	)	$	104,306	$	(498,915	)	$	173,378
Denominator:
Denominator for basic earnings per share, weighted average shares outstanding		131,331,572			132,565,984		131,331,572			132,565,984
Effect of dilutive securities		-			1,357,363		-			1,357,363
Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion		131,331,572			133,923,347		131,331,572			133,923,347
Basic earnings (loss) per common share	$	0.00		$	0.00	$	0.00		$	0.00
Diluted earnings (loss) per common share and common share equivalent	$	0.00		$	0.00	$	0.00		$	0.00

The awards and options to purchase shares of common stock that were outstanding for the three and six months ended June 30, 2013 and 2012 and were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows:

	Three Months Ended June 30,				Six Months Ended June 30
	2013		2012		2013		2012
Numerator:
Anti-dilutive awards and options		10,959,270		6,801,408		10,959,270		6,801,408