Earnings per share

9 Months Ended

Sep. 30, 2011

NOTE 14

Earnings per share

Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the quarter. Diluted net loss per common share (“Diluted EPS”) reflects the potential dilution that could occur if stock options or other common stock equivalents were exercised or converted into common stock. At September 30, 2011 and September 30, 2010, there were 47,990,568 and 0 potentially dilutive common stock equivalents, respectively. The computation of Diluted EPS does not assume exercise or conversion of securities that would have an anti-dilutive effect on net loss per common share.

Below are earnings (loss) per share and weighted average common shares outstanding for purposes of calculating basic and diluted earnings (loss) per share:

	Consolidated			Consolidated			Consolidated			Consolidated
	Three Months Ended			Three Months Ended			Nine Months Ended			Nine Months Ended
	9/30/2011			9/30/2010			9/30/2011			9/30/2010
	UNAUDITED			UNAUDITED			UNAUDITED			UNAUDITED
Net Profit (Loss) after Taxes		(25,006,143	)		(69,701	)		(25,169,491	)		(183,413	)
Weighted average number of common shares outstanding
Basic		41,428,796			104,120,000			41,428,796			104,120,000
Diluted		41,428,796			104,120,000			41,428,796			104,120,000

Net Profit (Loss) per share - basic	$	(0.60	)	$	(0.00	)	$	(0.61	)	$	(0.00	)
Net Profit (Loss) per share - fully diluted	$	(0.60	)	$	(0.00	)	$	(0.61	)	$	(0.00	)