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

9 Months Ended

Sep. 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 September 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 nine-month periods ended September 30, 2015 and 2014:

	Three Months Ended		Nine Months Ended
	September 30,		September 30,
	2015	2014	2015	2014
Numerator:
Net income (loss)	$   (304,315)	$     (459,594)	$     318,414	$  (1,139,193)
Preferred dividends	(2,236)	(2,237)	(6,635)	(56,636)
Net income (loss) available to common stockholders	$   (306,551)	$     (461,831)	$     311,779	$  (1,195,829)
Denominator:
Basic weighted average common shares	131,082,809	120,189,061	129,511,006	99,895,838
Dilutive preferred stock	-	-	3,907,142	-
Diluted weighted average common shares	131,082,809	120,189,061	133,418,148	99,895,838
Basic earnings (loss) per common share:
Net income (loss) per common share – basic	$         (0)	$             (0)	$                0	$         (0.01)
Diluted earnings (loss) per common share:
Net income (loss) per common share – diluted	$         (0)	$             (0)	$                0	$         (0.01)

For the three month period ended September 30, 2015, and the three and nine-month periods ended September 30, 2014, the effect of the Company’s outstanding options and warrants would have been anti-dilutive.