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BASIC AND DILUTED NET LOSS PER COMMON SHARE	12 Months Ended
Dec. 31, 2012
Notes to Financial Statements
NOTE 4 - BASIC AND DILUTED NET LOSS PER COMMON SHARE	*Basic and Diluted Net Loss Per Share:* Basic loss per common share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding. Diluted loss per share is computed by dividing the net loss by the sum of the weighted-average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the exercise of common stock equivalents. We have excluded 27,546,000 common stock equivalents (preferred stock and warrants) from the calculation of diluted loss per share for the year ended December 31, 2012 and 2011, which, if included, would have an antidilutive effect.

BASIC AND DILUTED NET LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2012

NOTE 4 - BASIC AND DILUTED NET LOSS PER COMMON SHARE

Basic and Diluted Net Loss Per Share:

Basic loss per common share is computed by dividing the net loss by the weighted-average number of shares of common stock outstanding. Diluted loss per share is computed by dividing the net loss by the sum of the weighted-average number of shares of common stock outstanding plus the dilutive effect of shares issuable through the exercise of common stock equivalents.

We have excluded 27,546,000 common stock equivalents (preferred stock and warrants) from the calculation of diluted loss per share for the year ended December 31, 2012 and 2011, which, if included, would have an antidilutive effect.