NOTE 2 - EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Text Block]

Earnings Per Share [Text Block]

NOTE 2 – EARNINGS (LOSS) PER SHARE

Basic and diluted earnings (loss) per share are calculated as follows:

	For the Six Months ended  June 30, 2013
	Earnings (Loss) (Numerator)		Shares (Denominator)		Per-Share Amount
Basic Earnings (Loss) Per Share:
Net Income available to common stock	$	549,798		13,211,602	$	0.04
Diluted Earnings (Loss) Per Share:
Effect of dilutive securities and stock options		0		296,503		0.00
Net Earnings (loss) available to common stock	$	549,798		13,508,105	$	0.04

	For the Six Months ended  June 30, 2012 - Restated
	Earnings (Loss) (Numerator)			Shares (Denominator)		Per-Share Amount
Basic Earnings (Loss) Per Share:
Net income available to common stock	$	(2,683,579	)		10,977,537	$	(0.24	)
Diluted Earning (Loss) Per Share:
Effect of dilutive securities and stock options		0			0		0.00
Net Earnings (loss) available to common stock	$	(2,683,579	)		10,977,537	$	(0.24	)

For the six months ended June 30, 2012, Royale Energy had dilutive securities of 781,304.  These securities were not included in the dilutive earnings (loss) per share due to their antidilutive nature.