Note 7 - Basic and Diluted Loss Per Common Share

12 Months Ended

Dec. 31, 2010

Note 7 - Basic and Diluted Loss Per Common Share:

Note 7 - Basic and Diluted Loss Per Common Share

NOTE 7 - BASIC AND DILUTED LOSS PER COMMON SHARE

The following is a reconciliation of the numerators and denominators of the basic and diluted loss per common share computations for the years ended June 30, 2012 and 2011:

	June 30,
	2012		2011
Numerator for basic and diluted loss per common share – net loss	$	(3,491,679)	$	(1,604,623)
Denominator for basic and diluted loss per common share – weighted average shares		116,691,252		93,923,235
Basic and diluted loss per common share	$	(0.03)	$	(0.02)