NOTE 2 - EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2014

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:

	Three Months Ended June 30,
	2014				2013
	Basic		Diluted		Basic		Diluted
Net Income	$	237,394	$	237,394	$	2,009,333	$	2,009,333
Weighted average common shares outstanding		14,942,728		14,942,728		13,211,602		13,211,602
Effect of dilutive securities		--		167,477		--		77,201
Weighted average common shares, including
Dilutive effect		14,942,728		15,110,205		13,211,602		13,288,803
Per share:
Net income	$	0.02	$	0.02	$	0.15	$	0.15

	Six Months Ended June 30,
	2014						2013
	Basic			Diluted			Basic		Diluted
Net Income (Loss)	$	(529,711	)	$	(529,711	)	$	774,859	$	774,859
Weighted average common shares outstanding		14,942,728			14,942,728			13,211,602		13,211,602
Effect of dilutive securities		--			157,472			--		70,097
Weighted average common shares, including
Dilutive effect		14,942,728			15,100,200			13,211,602		13,281,699
Per share:
Net income	$	(0.04	)	$	(0.04	)	$	0.06	$	0.06

For the six months ended June 30, 2014, Royale Energy had dilutive securities of 157,472.  These securities were not included in the dilutive loss per share due to their antidilutive nature.