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8. Net income (loss) per share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Basic and diluted earnings per share

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2013				2012				2013				2012
Basic net income (loss) per common share
Net income (loss) from continuing operation		$	(346,923	)		$	94,901			$	(428,009	)		$	118,216
Net income (loss) from Discontinue operation			398,083				4,639				362,342				10,086
Preferred Stock Dividends			–				(6,277	)			–
Numerator for basis net income per share		$	51,160			$	99,540			$	(65,667	)		$	128,302
Basic net income (loss) per common share
Net income (loss) from continuing operation		$	(0.01	)		$	0.00			$	(0.01	)		$	0.00
Net income (loss) from Discontinue operation		$	0.01			$	0.00			$	0.01			$	0.00
Net income per common share		$	0.00			$	0.00			$	(0.00	)		$	0.00
Diluted net income (loss) per common share
Net income (loss) from continuing operation		$	(0.01	)		$	0.00			$	(0.01	)		$	0.00
Net income (loss) from Discontinue operation		$	0.01			$	0.00			$	0.00			$	0.00
Net income per common share		$	0.00			$	0.00			$	(0.00	)		$	0.00
Weighted average common shares outstanding:			33,426,434				29,548,522				33,021,471				29,548,522
Dilutive securities
Preferred Stock A, B, C, D			40,921,516				42,913,524				40,921,516				29,548,522
Options			1,706,114				2,246,241				1,009,965				1,830,888
Warrants			0				0				0				0
Diluted weighted average common shares outstanding and assumed conversion			76,054,064				74,708,287				74,952,952				74,292,934

Anti-dilutive warrants

				Three Months Ended June 30,
				2013				2012
	Warrant				6,178,233				5,378,233

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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