Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2013

Earnings (Loss) Per Share

Earnings (Loss) Per Share

Note 4 – Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net income or loss by the weighted average number of common shares outstanding for the period. Diluted Earnings per share reflects the potential dilution from the assumed exercise of stock options and warrants and the conversion of debt. During periods of net loss, all common stock equivalents are generally excluded from the diluted EPS calculation because they are antidilutive. A total of  7,422,579 equivalent shares have been excluded from these diluted calculations as they would be anti-dilutive.