EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 7 EARNINGS (LOSS) PER SHARE

The following table provides a reconciliation of the numerators and denominators reflected in the basic and diluted earnings per share computations.

Basic EPS is computed by dividing reported earnings available to stockholders by the weighted average shares outstanding. The Company had net losses for the three months ended March 31, 2014 and 2013, and the effect of including dilutive securities in the earnings per common share would have been anti-dilutive. Accordingly, all options and warrants to purchase common shares (totaling 9,529,641 shares potentially issuable as of March 31, 2014) and shares potentially issuable upon conversion of the convertible debenture (totaling 1,349,667 as of March 31, 2014) were excluded from the calculation of diluted earnings per share for the three months ended March 31, 2014 and 2013. 

	Three Months		Three Months
	Ending		Ending
	Mar. 31, 2014		Mar. 31, 2013
Basic EPS
Net Loss	$	(1,405,768)		(1,256,228)
Weighted Average Shares		26,742,623		22,001,587
Basic and Diluted Loss Per Share	$	(0.05)	$	(0.06)