Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Summary Of Significant Accounting Policies Tables

Schedule of Earning per Share

The following table sets forth the calculation of basic and diluted earnings per share:

	Year ended December 31,
	2016			2015
Net loss available to Arête Industries, Inc.	$	(4,499,045	)	$	(4,747,053	)
Less: Preferred stock dividends		(191,961	)		-
Net loss available to common shareholders'	$	(4,691,006	)	$	(4,747,053	)
Weighted average common shares outstanding – Basic		14,528,345			12,882,000
Add: Dilutive effect of stock options		-			-
Add: Dilutive effect of preferred stock		-			-
Weighted average common shares outstanding – Diluted		14,528,345			12,882,000
Net loss per common share:
Basic	$	(0.32	)	$	(0.37	)
Diluted	$	(0.32	)	$	(0.37	)