NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

NET LOSS PER SHARE

Basic loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. Diluted loss per share for the three months ended March 31, 2012 and 2011 is the same as basic loss per share. For the three months ended March 31, 2012 and 2011, the following potential shares of common stock that would have been issuable have been excluded from the calculation of diluted loss per share because the effects, as a result of our net loss, would be anti-dilutive.

The following table represents the computation of basic and diluted losses per share at March 31, 2012 and 2011.

	2012			2011
Losses available for common shareholders		(57,897	)		(63,775	)
Basic and diluted weighted average common shares outstanding		13,739,307			11,667,090
Basic and diluted loss per share	$	(0.00	)	$	(0.01	)

Net loss per share is based upon the weighted average shares of common stock outstanding.