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NOTE 14 - LOSS PER SHARE
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract]  
NOTE 14 - LOSS PER SHARE

Note 14 – Loss Per Share

 

The Company presents loss per share on a basic and diluted basis. Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding. Diluted loss per share is computed by dividing net loss by the weighted average number of common shares outstanding including the dilutive effect of equity securities. The weighted average number of shares calculated for diluted loss per share excludes the potential common stock that would be exercised under the warrants granted to investors because of their anti-dilutive effect.

  

 

For the Three Months

Ended September 30,

For the Nine Months

Ended September 30,

  2011 2010 2011 2010
         
Net loss attributable to CHWG   $       (103,351) $         (69,256) $       (333,492) $       (239,865)
         
Weighted average common shares      169,133,450      139,383,450      166,409,091      139,383,450 
  (denominator for basic        
income per share)        
Effect of dilutive securities:                       -                       -                       -                       - 
         
Weighted average common shares      169,133,450      139,383,450      166,409,091      139,383,450 
  (denominator for diluted        
income per share)        
         
Basic loss per share   $            (0.00) $            (0.00) $            (0.00) $            (0.00)
Diluted loss per share   $            (0.00) $            (0.00) $            (0.00) $            (0.00)

 

As the April Warrants are anti-dilutive, they are being excluded from the calculation of diluted loss per share.