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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share  
Earnings Per Share [Text Block]

Note 11 — Loss Per Share

 

       Basic earnings per share is computed using net income to common stockholders and the weighted average number of common shares outstanding.  Diluted earnings per share reflect common shares issuable from the assumed conversion of convertible preferred stock into common shares. Only those items that have a dilutive impact on basic earnings per share are included in the diluted earnings per share.



 

 

Year Ended December 31,

2011

 

2010

Numerator:

 

 

 Net loss attributable to common stockholders

($520,394)

($247,191)

Denominator:

 Basic and diluted weighted average shares outstanding

854,149

46,551

 Basic and diluted loss per common share:

 Net loss attributable to common stockholders

($0.61)

($5.31)