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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Note 5 - EARNINGS PER SHARE

Basic net income (loss) per share is computed by dividing net income (loss) attributable to the Company, decreased with respect to net income or increased with respect to net loss by dividends declared on preferred stock by using the weighted-average number of common shares outstanding. The dilutive effect of incremental common shares potentially issuable under outstanding options, warrants and restricted shares is included in diluted earnings per share utilizing the treasury stock method. The computations of basic and diluted per share data were as follows:

 

    Six months ended     Three months ended  
   

June 30,

2014

    

June 30,

2013

    

June 30,

2014

    

June 30,

2013

  
Net income (loss)   $ 1,542,499       -     $ 928,283     $ -  
Weighted average common shares outstanding - basic     125,585,532       100,000,000       125,585,532       100,000,000  
Option awards     219,362       -       218,581       -  
Weighted average common shares outstanding - dilutive     125,804,894       100,000,000       125,804, 113       100,000,000  
Net income (loss) per share - basic and diluted     0.01       (0.00 )     0.01       (0.00 )