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I. EARNINGS PER SHARE

3 Months Ended

Dec. 31, 2012

I. EARNINGS PER SHARE

The Company’s basic and diluted earnings per share (EPS) are as follows for December 31, 2012 and 2011. For the three months ended December 31, 2012 and 2011, the computation of dilutive net loss per share excluded options and warrants to purchase approximately 5,788,000 and 11,419,000 shares of common stock because their inclusion would have an anti-dilutive effect.

	Three Months Ended December 31, 2012
	Net Loss			Weighted Average Shares		EPS

Basic EPS	$	(2,310,246	)		283,116,017	$	(0.01	)
Derivative liabilities gain		(2,746,198	)

Dilutive EPS	$	(5,056,444	)		283,116,017	$	(0.02	)

	Three Months Ended December 31, 2011
	Net Loss			Weighted Average Shares		EPS

Basic EPS	$	(4,156,833	)		228,568,435	$	(0.02	)
Derivative liabilities gain		(956,470	)

Dilutive EPS	$	(5,113,303	)		228,568,435	$	(0.02	)

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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