| Earnings Per Share [Text Block] |
A
reconciliation of the components of basic and diluted net
income per common share is presented in the tables
below:
|
|
|
For
the three months ended
|
|
|
|
|
September
30, 2011
|
|
|
|
|
Income
|
|
Weighted
Average Shares Outstanding
|
|
Per
Share
|
|
|
Basic:
|
|
|
|
|
|
|
|
|
Income
attributable to common stock
|
|
$
|
1,153,947
|
|
55,611,719
|
|
$
|
0.02
|
|
|
Effect
of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
Stock
options
|
|
|
-
|
|
1,335,038
|
|
|
(0.00
|
)
|
|
Convertible
debt
|
|
|
(5,122,063
|
)
|
9,502,066
|
|
|
(0.08
|
)
|
|
Diluted:
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock, including assumed
conversions
|
|
$
|
(3,968,116
|
)
|
66,448,823
|
|
$
|
(0.06
|
)
|
|
|
|
For
the six months ended
|
|
|
|
|
September
30, 2011
|
|
|
|
|
Income
|
|
Weighted
Average Shares Outstanding
|
|
Per
Share
|
|
|
Basic:
|
|
|
|
|
|
|
|
|
Income
attributable to common stock
|
|
$
|
2,916,938
|
|
55,390,825
|
|
$
|
0.05
|
|
|
Effect
of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
Stock
options
|
|
|
-
|
|
1,382,952
|
|
|
(0.00
|
)
|
|
Convertible
debt
|
|
|
(5,539,013
|
)
|
9,502,066
|
|
|
(0.09
|
)
|
|
Diluted:
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock, including assumed
conversions
|
|
$
|
(2,622,075
|
)
|
66,275,843
|
|
$
|
(0.04
|
)
|
For
the three-month and six-month periods ending September 30,
2011 120,000 potentially dilutive securities were excluded
from the computation of weighted average diluted shares of
common stock because the impact of these potentially
dilutive securities were antidilutive.
|