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BASIS OF PRESENTATION (TABLES)

3 Months Ended

Mar. 31, 2015

BASIS OF PRESENTATION (Tables)

Presentation of the numerators and denominators used in the calculation of basic and diluted earnings per share

The following table is a presentation of the numerators and denominators used in the calculation of basic and diluted (loss) earnings per share:

		For the Three Months
		Ended March 31,
		2015				2014
Net loss		$	(7,973,943	)		$	(2,390,493	)
Basic weighted-average common shares outstanding			43,579,557				43,579,557
Effect of dilutive securities:
Warrants			-				-
Options			-				-
Diluted weighted-average common shares outstanding			43,579,557				43,579,557
Basic loss per share		$	(0.18	)		$	(0.05	)
Diluted loss per share		$	(0.18	)		$	(0.05	)

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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