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NOTE 2 - LOSS PER SHARE
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 –   LOSS PER SHARE

Basic and diluted loss per share are calculated as follows:

 
For the Three Months ended
 
 
March 31, 2016
 
 
Loss
 
Shares
 
Per-Share
 
 
(Numerator)
 
(Denominator)
 
Amount
 
Basic Loss Per Share:
           
Net loss available to common stock
 
$
(624,320
)
   
17,049,067
   
$
(0.04
)
 
                       
Diluted Loss Per Share:
                       
Effect of dilutive securities and stock options
   
-
     
-
     
-
 
 
                       
Net loss available to common stock
 
$
(624,320
)
   
17,049,067
   
$
(0.04
)

 
For the Three Months ended
 
 
March 31, 2015
 
 
Loss
 
Shares
 
Per-Share
 
 
(Numerator)
 
(Denominator)
 
Amount
 
Basic Loss Per Share:
           
Net loss available to common stock
 
$
(1,131,916
)
   
14,945,789
   
$
(0.08
)
 
                       
Diluted Loss Per Share:
                       
Effect of dilutive securities and stock options
   
-
     
-
     
-
 
 
                       
Net loss available to common stock
 
$
(1,131,916
)
   
14,945,789
   
$
(0.08
)

For the three months ended March 31, 2016 and 2015, Royale Energy had dilutive securities of 23,331 and 23,331, respectively.  These securities were not included in the dilutive loss per share due to their antidilutive nature.