NOTE 4 - LOSS PER SHARE

The following table presents the shares used in the basic and diluted loss per common share computations:

													From
	Three Months Ended						Six Months Ended						April 23, 2002
	June 30,						June 30,						(Inception) To
	2011			2010			2011			2010			June 30, 2011
Numerator
Net Loss available in basic and diluted calculation	$	(387,386	)	$	(46,566	)	$	(864,819	)	$	(798,070	)	$	(8,246,896	)

Denominator
Weighted average common shares oustanding-basic		22,669,526			12,353,500			19,630,580			12,056,722			4,505,163

Effect of dilutive stock options and warrants (1)		-			-			-			-			-

Weighted average common shares outstanding-diluted		22,669,526			12,353,500			19,630,580			12,056,722			4,505,163

Loss per common share-basic and diluted	$	(0.02	)	$	(0.00	)	$	(0.04	)	$	(0.07	)	$	(1.83	)

(1) The number of shares underlying options and warrants outstanding as of June 30, 2011 and June 30, 2010 are 24,679,688 and 11,173,537, respectively. The effect of the shares that would be issued upon exercise of such options and warrants has been excluded from the calculation of diluted loss per share because those shares are anti-dilutive.