Earnings Per Share

3 Months Ended

Jun. 30, 2012

Earnings Per Share:

Earnings Per Share

(a) Earnings Per Share :

The Company utilizes the guidance per FASB Codification “ASC 260 "Earnings Per Share". Basic earnings per share is calculated on the weighted effect of all common shares issued and outstanding, and is calculated by dividing net income available to common stockholders by the weighted average shares outstanding during the period. Diluted earnings per share, which is calculated by dividing net income available to common stockholders by the weighted average number of common shares used in the basic earnings per share calculation, plus the number of common shares that would be issued assuming conversion of all potentially dilutive securities outstanding, is not presented separately as it is anti-dilutive. Such securities, shown below, presented on a common share equivalent basis and outstanding as of June 30, 2012 and 2011 have been excluded from the per share computations:

	For the Six MonthsEnded
	June 30,
	2012		2011
2004 Stock Plan Options		—		230,000
Non ISO Stock Options		21,312,019		31,204,900
Convertible Preferred Stock		51,444,780		52,764,630
Convertible Notes Payable		27,225,830		8,729,195
Warrants		35,298,981		107,025,589