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NOTE 2 - LOSS PER SHARE
 6 Months Ended
Jun. 30, 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:

 
  
Three Months Ended June 30,
  
 
  
2016
    
2015
  
 
  
Basic
    
Diluted
    
Basic
    
Diluted
  
Net Loss
  
$
(475,397
)
  
$
(475,397
)
  
$
(927,649
)
  
$
(927,649
)
 
                                
Weighted average common shares outstanding 
    
17,670,024
      
17,670,024
      
14,953,645
      
14,953,645
  
Effect of dilutive securities
    
--
      
23,331
      
--
      
23,331
  
Weighted average common shares, including
     Dilutive effect
    
17,670,024
      
17,693,355
      
14,953,645
      
14,976,976
  
Per share:
                                
     Net Loss
  
$
(0.03
)
  
$
(0.03
)
  
$
(0.06
)
  
$
(0.06
)

 
  
Six Months Ended June 30,
  
 
  
2016
    
2015
  
 
  
Basic
    
Diluted
    
Basic
    
Diluted
  
Net Loss
  
$
(1,099,717
)
  
$
(1,099,717
)
  
$
(2,059,565
)
  
$
(2,059,565
)
 
                                
Weighted average common shares outstanding 
    
17,670,024
      
17,670,024
      
14,953,645
      
14,953,645
  
Effect of dilutive securities
    
--
      
23,331
      
--
      
23,331
  
Weighted average common shares, including
     Dilutive effect
    
17,670,024
      
17,693,355
      
14,953,645
      
14,976,976
  
Per share:
                                
     Net Loss
  
$
(0.06
)
  
$
(0.06
)
  
$
(0.14
)
  
$
(0.14
)

For the six months ended June 30, 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.