Note 12 - Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2017

Notes

Note 12 - Earnings (Loss) Per Share

NOTE 12 – EARNINGS (LOSS) PER SHARE

Net earnings (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) for the period by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period.

Since the Company reflected a net loss for the years ended December 31, 2017 and 2016, respectively, the effect of considering any common stock equivalents, if exercisable, would have been anti-dilutive. Therefore, a separate computation of diluted earnings (loss) per share is not presented.

The Company has the following common stock equivalents at December 31, 2017 and 2016, respectively:

	As of December 31, 2017		As of December 31, 2016
Warrants (exercise price $0.05 - $0.25/share)		11,355,285		17,755,603
Convertible debt (exercise price $0.20/share)		-		500,000
		11,355,285		18,255,603