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Note B - Summary of Significant Accounting Policies: Earnings Per Share, Policy: Computation of Basic and Diluted Income (Loss) Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Computation of Basic and Diluted Income (Loss) Per Share

 

Schedule of Income (Loss) Per Share

 

 

2012

 

 

2011

 

Numerator:

 

 

 

 

 

 

 

 

Net income (loss)

 

 

$ (189,613)

 

 

 

$    65,330

 

Denominator:

 

 

 

 

 

 

 

 

Weighted average shares and share equivalents outstanding – basic

 

 

9,087,828 

 

 

 

8,316,517

 

Effect of dilutive stock options

 

 

      58,024 

 

 

 

    129,658

 

Effect of dilutive warrants

 

 

    293,712 

 

 

 

    819,116

 

Effect of dilutive convertible promissory notes

 

 

                  - 

 

 

 

                  -

 

Weighted average shares and share equivalents outstanding – assuming dilution

 

 

9,439,564 

 

 

 

9,265,291

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share — basic

 

 

$         (.02)

 

 

 

$           .01

 

Net income (loss) per share — assuming dilution

 

 

$         (.02)

 

 

 

$           .01