v3.8.0.1
Note E - Summary of Significant Accounting Policies: Income (Loss) Per Share (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Income (Loss) Per Share

Income (Loss) Per Share

 

The computation of basic earnings (loss) per common share is based on the weighted average number of shares outstanding during each year.

 

The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the year plus the common stock equivalents as detailed in the following chart.  In 2016 the inclusion of these shares on the consolidated statement of operations would have resulted in a weighted average shares fully diluted number that was anti-dilutive and as such they are excluded.

 

Fully diluted shares for the years ended December 31, 2016:

 

 

Basic weighted average shares outstanding

 

 

153,386,174

 

Convertible debt

 

 

4,424,480

 

Series B preferred stock

 

 

240,000

 

 

 

 

 

 

Total

 

 

158,050,654