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Net Income Per Share

9 Months Ended

Sep. 30, 2011

Note 4: Net Income Per Share

Computation of net income per share is as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010

Net income (loss) attributable to SMTP.com	$	344,096	$	126,982	$	704,384	$	270,878

Basic and diluted weighted average common shares outstanding		13,841,500		13,440,000		13,750,672		13,440,000
Add incremental shares for:
Warrants		471,390		-		401,317		-
Stock options		1,031,537		-		939,079		-
Diluted weighted average common shares outstanding		15,344,427		13,440,000		15,091,068		13,440,000

Net income (loss) per share:
Basic	$	0.02	$	0.01	$	0.05	$	0.02
Diluted	$	0.02	$	0.01	$	0.05	$	0.02

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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