Note 12 - Earnings Per Share

12 Months Ended

Dec. 31, 2015

NOTE 12 - EARNINGS PER SHARE

The following data shows the amounts used in computing earnings per share and the effect on income and the weighted average number of shares of potential dilutive common stock for the year ended December 31, 2015 and 2014:

	For the Year Ended December 31
	2015			2014
Net Income (Loss) attributable to LiqTech International Inc.	$	(2,209,857	)	$	(3,066,068	)
Weighted average number of common shares used in basic earnings per share		39,486,941			32,398,941
Effect of dilutive securities, stock options and warrants		-			-
Weighted average number of common shares and potential dilutive common shares outstanding used in dilutive earnings per share		39,486,941			32,398,941

For the year ended December 31, 2015, Parent had 1,071,000 options outstanding to purchase common stock of Parent at $0.74 to $1.90 per share and Parent had 7,225,575 warrants outstanding to purchase common stock of Parent at $1.00 to $4.06 per share, which were not included in the loss per share computation because their effect would be anti-dilutive.

For the year ended December 31, 2014, Parent had 1,960,130 options outstanding to purchase common stock of Parent at $1.50 to $3.60 per share and Parent had 7,025,575 warrants outstanding to purchase common stock of Parent at $1.50 to $4.06 per share, which were not included in the loss per share computation because their effect would be anti-dilutive.