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Net Income (Loss) Per Share Applicable to Common Stockholders

3 Months Ended

Mar. 31, 2013

Net Income (Loss) Per Share Applicable to Common Stockholders

NOTE 9 — Net Income (Loss) Per Share Applicable to Common Stockholders

The following table sets forth the computation of basic and diluted net loss per share:

	Three Months Ended March 31,
	2013		2012
Numerator:
Net income (loss)	$	74,802	$	(871,774	)

Denominator:
Weighted average common shares outstanding used in computing net income (loss) per share:
Basic		4,861,063		4,838,214
Diluted		4,871,992		4,838,214

Net income (loss) per share:

Basic	$	0.02	$	(0.18	)

Diluted	$	0.02	$	(0.18	)

For the three months ended March 31, 2012, the diluted net loss per share is equal to the basic net loss per share because the Company experienced losses in this period. Thus no potential common shares underlying stock options and warrants have been included in the net loss per share calculation, as their effect is anti-dilutive. Options and warrants to purchase 2,167,442 shares of common stock at March 31, 2012, have been omitted from the net loss per share calculation.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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