Net Income Per Share

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Net Income Per Share

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,
	2012	2011	2012	2011
Net income attributable to SMTP.com	$       313,854	$       344,096	$       758,910	$       704,384
Basic weighted average common shares outstanding	14,707,250	13,841,500	14,297,562	13,750,672
Add incremental shares for:
Warrants	-	471,390	-	401,317
Stock options	551,593	1,031,537	598,986	939,079
Diluted weighted average common shares outstanding	15,258,843	15,344,427	14,896,548	15,091,068
Net income per share:
Basic	$             0.02	$             0.02	$             0.05	$             0.05
Diluted	$             0.02	$             0.02	$             0.05	$             0.05