LOSS PER SHARE

3 Months Ended

Mar. 31, 2012

Earnings Per Share

Earnings Per Share [Text Block]

NOTE 4 - LOSS PER SHARE

The following data show the amounts used in computing loss per share:

	For the Three Months Ended March 31,		For the Nine Months Ended March 31,
	2012	2011	2012	2011
Loss from continuing operations	$         (3,860)	$     (2,063)	$   (14,907)	$     (9,458)
Loss from discontinued operations	-	-	-	-
Loss available to common shareholders (numerator)	$         (3,860)	$     (2,063)	$   (14,907)	$     (9,458)
Weighted average number of common shares outstanding used in loss per share during the period (denominator)	4,734,100	4,734,100	4,734,100	3,647,969

Dilutive loss per share was not presented as the Company had no common equivalent shares for all periods presented that would affect the computation of diluted loss per share.