NOTE 2 - LOSS PER SHARE

6 Months Ended

Jun. 30, 2017

NOTE 2 – LOSS PER SHARE

Basic and diluted loss per share are calculated as follows:

	Three Months Ended June 30,
	2017				2016
	Basic		Diluted		Basic			Diluted
Net Income (Loss)	$	70,662	$	70,662	$	(475,397	)	$	(475,397	)

Weighted average common shares outstanding		21,825,770		21,825,770		17,670,024			17,670,024
Effect of dilutive securities		--		-		--			23,331
Weighted average common shares, including Dilutive effect		21,825,770		21,825,770		17,670,024			17,693,355
Per share:
Net Income (Loss)	$	0.00	$	0.00	$	(0.03	)	$	(0.03	)

	Six Months Ended June 30,
	2017						2016
	Basic			Diluted			Basic			Diluted
Net Loss	$	(916,982	)	$	(916,982	)	$	(1,099,717	)	$	(1,099,717	)

Weighted average common shares outstanding		21,825,770			21,825,770			17,670,024			17,670,024
Effect of dilutive securities		--			-			--			23,331
Weighted average common shares, including Dilutive effect		21,825,770			21,825,770			17,670,024			17,693,355
Per share:
Net Loss	$	(0.04	)	$	(0.04	)	$	(0.06	)	$	(0.06	)

For the six months ended June 30, 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.