2. Summary of Significant Accounting Policies: Earnings (loss) Per Common Share (Policies)

6 Months Ended

Jun. 30, 2015

Policies

Earnings (loss) Per Common Share

Earnings (Loss) Per Common Share

We are authorized to issue 250,000,000 shares of common stock, $0.10 par value per share. At June 30, 2015, there were 131,082,809 shares of our common stock issued and outstanding.

The following table reconciles weighted average shares outstanding used in computations of basic and diluted earnings (loss) per share for the three- and six-month periods ended June 30, 2015 and 2014:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2015	2014	2015	2014
Numerator:
Net income (loss)	$    889,307	$     (325,346)	$     622,729	$    (679,599)
Preferred dividends	(25)	2,212	4,399	54,399
Net income (loss) available to common stockholders	$    889,332	$     (327,558)	$     618,330	$    (733,998)
Denominator:
Basic weighted average common shares	130,983,355	102,808,122	129,013,798	102,199,596
Dilutive preferred stock, stock options and warrants	4,034,661	-	3,989,938	-
Diluted weighted average common shares	135,018,016	102,808,122	133,003,736	102,808,122
Basic earnings (loss) per common share:
Net income (loss) per common share – basic	$         0.01	$            (0)	$              0	$          (0.01)
Diluted earnings (loss) per common share:
Net income (loss) per common share – diluted	$         0.01	$            (0)	$              0	$          (0.01)

For the three- and six-month periods ended June 30, 2014, the effect of the Company’s outstanding options and common stock equivalents would have been anti-dilutive.