NOTE 4 - LOSS PER SHARE

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

	Three Months Ended June 30,					Six Months Ended June 30,
	2014			2013		2014	2013
Numerator:
Net loss available in basic and diluted calculation	$	(1,735,954)	$	(1,175,535)	$	(3,352,949)	$	(3,277,061)

Denominator:
Weighted average common shares outstanding - basic		222,620,910		121,267,500		221,922,352		111,045,552

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

Weighted average common shares outstanding - basic		222,620,910		121,267,500		221,922,352		111,045,552

Loss per common share-basic and diluted	$	(0.01)	$	(0.01)	$	(0.02)	$	(0.03)

(1) The number of shares underlying options and warrants outstanding as of June 30, 2014 and June 30, 2013 are 63,588,581 and 84,320,276 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.