Note 4 - Earnings (Loss) Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 4 EARNINGS/(LOSS) PER SHARE

Basic (loss) per share was calculated using the weighted average number of shares outstanding of 90,701,058 and 87,969,202 for the years ended December 31, 2014 and December 31, 2013, respectively.

Antidilutive shares aggregating 80,012,198 and 79,546,913 have been omitted from the calculation of dilutive (loss) per share for the years ended December 31, 2014 and December 31, 2013 respectively as the shares were antidilutive. Provided below is the reconciliation between numerators and denominators of the basic and diluted (loss) per shares:  There were no differences between basic and diluted (loss) per share.  The table below provides a reconciliation of anti-dilutive securities outstanding as of December 31, 2014 and December 31, 2013, respectively.

Anti-Dilutive security	December 31, 2014		December 31, 2013
Preferred stock		2,750,149		2,750,149
Employee stock options		3,130,000		5,745,000
Warrants		48,463,517		44,728,873
Convertible notes		24,620,000		24,620,000
Shares issuable for accrued interest		1,048,532		1,702,891
Total		80,012,198		79,546,913

The employee stock options are exercisable at prices ranging from $0.045 to $0.50 per share.  The exercise price on the stock warrants range from $0.25 to $0.60 per share.  Shares issuable upon conversion of Convertible Debentures have conversion prices ranging from $0.25 to $0.50 per share.

The Company’s convertible debt and convertible preferred stock have an anti-dilutive effect on net (loss) per share and were not included in the computation of diluted (loss) per share.

For the year ended
	December 31, 2014								December 31, 2013
	Income/(loss)			Shares		Per-share			Income/(loss)			Shares		Per-share
	numerator			denominator		amount			numerator			denominator		amount
Basic EPS	$	(4,665,645	)		90,701,058	$	(0.05	)	$	(3,367,603	)		87,969,202	$	(0.04	)
Effect of dilutive securities - none		-0-			-0-		-0-			-0-			-0-		-0-
Diluted EPS	$	(4,665,645	)		90,701,058	$	(0.05	)	$	(3,367,603	)		87,969,202	$	(0.04	)