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Earnings Per Share Data (Tables)
3 Months Ended
Mar. 31, 2013
Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

Three Months Ended March 31,  

 

 

 

2012  

2013  

 

 

 

 

(Unaudited)

(Unaudited)

Loss from continuing operations             

$              (323,512              )

$              (457,797              )

Net loss from discontinued operations

              (81,594              )

              -

 

 

 

Net loss applicable to common stockholders - numerator for basic and diluted loss per share

$              (405,106              )

$              (457,797              )

 

 

 

Weighted - average common shares and dilutive potential common shares outstanding - denominator for diluted earning per share             

              61,407,011             

              62,386,490             

 

 

 

Net loss per common share (basic and diluted):

 

 

Continuing operations             

$              (0.01              )

$              (0.01              )

Discontinued operations             

$              (0.00)

$              -

 

 

 

Net loss             

$              (0.01              )

$              (0.01              )

 

 

 

 

Anti-Dilutive Securities Excluded From Diluted Earnings Per Share

Anti-dilutive securities excluded from diluted earnings per share:

 

 

Stock options             

              4,443,335             

              4,373,418             

Private warrants

              5,196,738             

              6,618,068             

Convertible preferred stock - Series E             

              16,000,000             

              13,333,333