EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 6 EARNINGS (LOSS) PER SHARE

The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations.

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. The Company had net losses for the three months and six months ended June 30, 2013 and 2012, and the effect of including dilutive securities in the earnings per common share would have been anti-dilutive. Accordingly, all options and warrants to purchase common shares (totaling  8,127,581 potential shares at June 30, 2013) were excluded from the calculation of diluted earnings per share for the three months and six months ended June 30, 2013 and 2012.

	Three Months		Three Months		Six Months		Six Months
	Ending		Ending		Ending		Ending
Basic EPS	June 30, 2013		June 30, 2012		June 30, 2013		June 30, 2012
Net Loss	$	(1,506,921)		(848,337)	$	(2,763,149)		(1,643,478)
Weighted Average Shares		24,865,675		18,506,730		23,409,185		18,272,526
Basic and Diluted Loss Per Share	$	(0.06)	$	(0.05)	$	(0.12)	$	(0.09)