Net Loss Per Share

12 Months Ended

Dec. 31, 2011

Net Loss Per Share

Note 18 – Net Loss Per Share

Basic loss per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding. Diluted loss per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding and dilutive common share equivalents using the treasury stock method. Due to the net loss any common share equivalents have an anti-dilutive effect and therefore, are excluded from the calculation. Therefore, basic loss per share and diluted earnings per share are reported to be the same.

	For the Calendar Year
	2011			2010
Net loss to common shareholders	$	(1,278,164	)	$	(2,015,145	)
Weighted-average number of common shares outstanding		2,189,899			2,185,666
Net loss per share	$	(0.58	)	$	(0.92	)