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NOTE 2 - LOSS PER SHARE
 9 Months Ended
Sep. 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 September 30,
  
 
  
2016
    
2015
  
 
  
Basic
    
Diluted
    
Basic
    
Diluted
  
Net Loss
  
$
(619,200
)
  
$
(619,200
)
  
$
(394
)
  
$
(394
)
 
                                
Weighted average common shares outstanding 
    
18,382,668
      
18,382,668
      
14,998,103
      
14,998,103
  
Effect of dilutive securities
    
--
      
--
      
--
      
--
  
Weighted average common shares, including
     Dilutive effect
    
18,382,668
      
18,382,668
      
14,998,103
      
14,998,103
  
Per share:
                                
     Net Loss
  
$
(0.03
)
  
$
(0.03
)
  
$
(0.00
)
  
$
(0.00
)

 
  
Nine Months Ended September 30,
  
 
  
2016
    
2015
  
 
  
Basic
    
Diluted
    
Basic
    
Diluted
  
Net Loss
  
$
(1,718,917
)
  
$
(1,718,917
)
  
$
(2,059,959
)
  
$
(2,059,959
)
 
                                
Weighted average common shares outstanding 
    
18,382,668
      
18,382,668
      
14,998,103
      
14,998,103
  
Effect of dilutive securities
    
--
      
--
      
--
      
--
  
Weighted average common shares, including
     Dilutive effect
    
18,382,668
      
18,382,668
      
14,998,103
      
14,998,103
  
Per share:
                                
     Net Loss
  
$
(0.09
)
  
$
(0.09
)
  
$
(0.14
)
  
$
(0.14
)

For the nine months ended September 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.