EX-11 2 v351254_ex11.htm EXHIBIT 11

 

Exhibit 11

 

   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2013   2012   2013   2012 
                 
Net income (loss)  $132,765   $8,322   $356,367   $90,186 
                     
Preferred Stock dividend requirements   (22,817)   (20,020)   (45,383)   (40,039)
                     
Net income (loss) attributable to common stockholders  $109,948   $(11,698)  $310,984   $50,147 
                     
Weighted average number of common shares outstanding   15,936,863    15,809,023    15,909,276    15,809,023 
                     
Preferred Stock Common Share Equivalents   -    -    -    - 
                     
Dilutive Stock Options outstanding for the Period   477,920    -    407,575    294,937 
                     
Dilutive Warrants outstanding for the Period   385,462    -    300,559    179,206 
                     
Weighted average number of common and equivalent shares outstanding   16,800,244    15,809,023    16,617,410    16,283,166 
                     
Net income (loss) per common share  $0.01   $(0.00)  $0.02   $0.00