EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2012

8. EARNINGS (LOSS) PER SHARE

The Company has calculated the loss allocable to the common shareholders for the periods ended June 30, 2012 and 2011:

	For the Quarters Ended						For the Six Months Ended
	June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Numerator:
Net Loss	$	(779,434	)	$	(722,717	)	$	(1,484,464	)	$	(1,230,119	)
Numerator for basic and diluted	$	(779,434	)	$	(722,717	)	$	(1,484,464	)	$	(1,230,119	)

Denominator:
Weighted-average number of
common shares outstanding		159,819,863			101,116,161			159,819,863			101,161,161

	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.01	)

The entire disclosure for earnings per share.