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PER SHARE INFORMATION
3 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 10 -     PER SHARE INFORMATION
 
Basic earnings per share of common stock (“Basic EPS”) is computed by dividing the net (loss) income by the weighted-average number of shares of common stock outstanding. Diluted earnings per share of common stock (“Diluted EPS”) are computed by dividing the net (loss) income by the weighted-average number of shares of common stock, and dilutive common stock equivalents and convertible securities then outstanding. GAAP requires the presentation of both Basic and Diluted EPS, if such Diluted EPS is not anti-dilutive, on the face of Company’s Condensed Statements of Operations.
 
The calculation of Basic EPS and Diluted EPS is summarized as follows:
 
 
 
For the Three Months
Ended June 30,
 
 
 
2014
 
2013
 
Numerator
 
 
 
 
 
 
 
Net Income (loss) attributable to common shareholders - Basic
 
$
(4,401,810)
 
$
921,666
 
 
 
 
 
 
 
 
 
Net Income attributable to common shareholders Diluted
 
 
(4,401,810)
 
 
(1,223,977)
 
 
 
 
 
 
 
 
 
Denominator
 
 
 
 
 
 
 
Weighted-average shares of common stock outstanding
 
 
565,150,231
 
 
387,969,981
 
 
 
 
 
 
 
 
 
Dilutive effect of stock options, warrants and convertible securities
 
 
n/a
 
 
192,418,886
 
 
 
 
 
 
 
 
 
Net (loss) income per share
 
 
 
 
 
 
 
Basic
 
$
(0.01)
 
$
(0.00)
 
Diluted
 
$
(0.01)
 
$
(0.00)