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Earnings per Share
3 Months Ended
Mar. 31, 2012
Earnings per Share [Text Block]

3.              Earnings per Share

For the quarters ended March 31, 2011 and 2012, the effect of the Company’s potential issuance of shares from the exercise of 6,099,550 outstanding warrants would have been anti-dilutive. Accordingly, only basic net loss per share has been presented.

Common Stock Issued for Cash
There was no stock issued in the first quarter of 2011 or 2012.