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NOTE 2 - EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – EARNINGS (LOSS) PER SHARE

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

   
For the Nine Months ended
 September 30, 2013
 
   
Earnings 
(Numerator)
   
Shares
(Denominator)
   
Per-Share
Amount
 
Basic Earnings Per Share:
                 
Net Income available to common stock
 
$
1,143,365
     
13,567,216
   
$
0.08
 
                         
Diluted Earnings Per Share:
                       
Effect of dilutive securities and stock options
   
0
     
685,621
     
0
 
                         
Net Earnings available to common stock
 
$
1,143,365
     
14,252,837
   
$
0.08
 

   
For the Nine Months ended
 September 30, 2012 - Restated
 
   
Earnings (Loss)
(Numerator)
   
Shares
(Denominator)
   
Per-Share
Amount
 
Basic Earnings (Loss) Per Share:
                       
Net income available to common stock
 
$
(3,508,764
) 
   
11,027,124
   
$
(0.32
) 
                         
Diluted Earning (Loss) Per Share:
                       
Effect of dilutive securities and stock options
   
0
     
0
     
0.00
 
                         
Net Earnings (loss) available to common stock
 
$
(3,508,764
) 
   
11,027,124
   
$
(0.32
) 

For the nine months ended September 30, 2012, Royale Energy had dilutive securities of 887,681.  These securities were not included in the dilutive earnings (loss) per share due to their antidilutive nature.