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NOTE 2 - LOSS PER SHARE
 3 Months Ended
Mar. 31, 2017
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, 2017
  
 
  
Loss
    
Shares
    
Per-Share
  
 
  
(Numerator)
    
(Denominator)
    
Amount
  
Basic Loss Per Share:
                  
Net loss available to common stock
  
$
(987,644
)
    
21,835,606
    
$
(0.05
)
 
                        
Diluted Loss Per Share:
                        
Effect of dilutive securities and stock options
    
-
      
-
      
-
  
 
                        
Net loss available to common stock
  
$
(987,644
)
    
21,835,606
    
$
(0.05
)

   
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, 2017 and 2016, Royale Energy had dilutive securities of 0 and 23,331, respectively.  These securities were not included in the dilutive loss per share due to their antidilutive nature.