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Note 2 - Basis of Presentation and Summary of Significant Accounting Policies: Loss Per Share (Policies)

9 Months Ended

Sep. 30, 2012

Loss Per Share

We calculate basic loss per share by dividing loss available to common stockholders by the weighted-average number of shares of common stock outstanding, excluding unvested stock. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional shares of common stock that would have been outstanding if the potential common shares, including unvested stock, had been issued and if the additional common shares were dilutive.

The following potentially dilutive shares of common stock are excluded from the computation of diluted net loss per share for all periods presented because the effect is anti-dilutive:

	Three months ended September 30,		Nine months ended September 30,
	2012	2011	2012	2011
Warrants	1,366,108	921,963	1,366,108	921,963
Convertible debt	374,346	374,346	374,346	374,346
Stock options	591,181	591,181	591,181	591,181
Unvested stock	168,500	10,833	168,500	10,833

Total potentially dilutive securities	2,500,135	1,898,323	2,500,135	1,898,323

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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