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Note 2 - Summary of Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)

6 Months Ended

Oct. 31, 2014

BASIC AND DILUTED EARNINGS PER SHARE

Pursuant to ASC Section 260-10-45, basic income (loss) per common share is computed by dividing income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted income (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of us, subject to anti-dilution limitations. The following table presents a reconciliation of basic and diluted net income per common share:

	Three Months Ended October 31,		Six Months Ended October 31,
	2014	2013	2014	2013
Net loss allocable to common shareholders for basic and diluted net loss per common share	$ (274,914)	$ (957,836)	$ (779,118)	$ (1,543,210)
Weighted average common shares outstanding - basic	173,882,803	173,882,803	173,882,803	173,882,803
Effect of dilutive securities:
Warrants	0	0	0	0
Weighted average common shares outstanding - diluted	173,882,803	173,882,803	173,882,803	173,882,803
Net loss per common share - basic	$ (0.002)	$ (0.006)	$ (0.004)	$ (0.009)
Net loss per common share - diluted	$ (0.002)	$ (0.006)	$ (0.004)	$ (0.009)

- 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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