SHARE BASED AWARDS

3 Months Ended

Jun. 30, 2014

Notes to Financial Statements

NOTE C - SHARE BASED AWARDS

Earnings Per Common Share:

The Company follows FASB ASC 260, Earnings Per Share. Basic earnings per share (“EPS”) is based on the weighted average number of common shares outstanding for the period, excluding the effects of any potentially dilutive securities. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted. Net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period.

Basic and diluted loss per common share was calculated using the following number of shares for the three months ended June 30, 2014 and June 30, 2013:

	2014		2013
Weighted average number of common shares outstanding		1,561,022		1,561,022