| Earnings Per Share [Text Block] |
6.
NET
INCOME PER SHARE.
|
|
|
For
the Three-Months Ended
|
|
|
|
|
June
30, 2012
|
|
|
|
|
Income
|
|
|
Weighted
Average
Shares
Outstanding
|
|
|
Per
Share
|
|
|
Basic:
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock
|
|
$
|
(450,769
|
)
|
|
|
56,476,186
|
|
|
$
|
(0.01
|
)
|
|
Effect
of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
options
|
|
|
-
|
|
|
|
-
|
|
|
|
(0.00
|
)
|
|
Convertible
debt
|
|
|
(3,111,208
|
)
|
|
|
9,502,066
|
|
|
|
(0.04
|
)
|
|
Diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock, including assumed
conversions
|
|
$
|
(3,561,977
|
)
|
|
|
65,978,252
|
|
|
$
|
(0.05
|
)
|
|
|
|
For
the Three-Months Ended
|
|
|
|
|
June
30, 2011
|
|
|
|
|
Income
|
|
|
Weighted
Average
Shares
Outstanding
|
|
|
Per
Share
|
|
|
Basic:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock
|
|
$
|
1,762,991
|
|
|
|
55,165,077
|
|
|
$
|
0.03
|
|
|
Effect
of Dilutive Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
options
|
|
|
-
|
|
|
|
1,429,185
|
|
|
|
(0.00
|
)
|
|
Convertible
debt
|
|
|
(4,927,618
|
)
|
|
|
9,502,066
|
|
|
|
(0.08
|
)
|
|
Diluted:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income
attributable to common stock, including assumed
conversions
|
|
$
|
(3,164,627
|
)
|
|
|
66,096,328
|
|
|
$
|
(0.05
|
)
|
For
the three-month periods ending June 30, 2012 and June 30,
2011, 825,882 and 20,000, respectively, 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.
|