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EARNINGS (LOSS) PER SHARE
 12 Months Ended
Dec. 31, 2011
EARNINGS (LOSS) PER SHARE

NOTE 3.  EARNINGS (LOSS) PER SHARE

 

Basic earnings per share excludes any dilutive effects of options, warrants, and convertible securities.  Basic earnings per share is computed using the weighted average number of shares of common stock and common stock equivalent shares outstanding during the period.  Common stock equivalent shares are excluded from the computation if their effect is antidilutive.  The Company did not have any stock equivalent shares for the years ended December 31, 2011 and 2010.

 

Loss per share is computed by dividing reported net loss by the weighted average number of common shares outstanding during the period. The weighted-average number of common shares used in the calculation of basic loss per share was 4,522,123 and 3,518,204 in 2011 and 2010, respectively.