LOSS PER SHARE

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

LOSS PER SHARE

NOTE 20 - LOSS PER SHARE

Basic and diluted loss per share for each of the years presented are calculated as follows:

	For the years ended December 31,
	2012			2011
Numerator:
Net loss	$	(1,283,130	)	$	(2,103,256	)
Net loss attributable to common stockholders for computing basic and diluted loss per common share	$	(1,285,670	)	$	(2,106,457	)
Denominator:
Weighted average number of common shares outstanding for computing basic and diluted loss per common share	$	19,068,889		$	18,575,342
Basic and diluted loss per share	$	(0.07	)	$	(0.11	)

For the years ended December 31, 2012 and 2011, there were no common stock equivalents for computing diluted earnings per share.