Earnings Per Share

6 Months Ended

Jun. 30, 2013

Notes

Earnings Per Share

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, 2013 and 2012 have been excluded from the per share computations as their effect would be anti-dilutive:

	For the Six Months Ended June 30,
	2013		2012
Non ISO Stock Options		19,017,815		21,312,019
Convertible Preferred Stock		51,444,780		51,444,780
Convertible Bridge Notes and Notes Payable		488,781,632		27,225,830
Warrants		32,929,181		35,298,981