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1. Organization and Summary of Significant Accounting Policies: Income (Loss) Per Common Share (Policies)
9 Months Ended
Sep. 30, 2014
Policies  
Income (Loss) Per Common Share

Income (Loss) Per Common Share

 

Basic income (loss) per share is computed by dividing the net income (loss) attributable to common stockholders for the period by the weighted average number of common shares outstanding during the period.  Diluted net income (loss) per share is computed based on the weighted average number of common shares and potentially dilutive common shares outstanding. The calculation of diluted net income (loss) per share excludes potential common shares if the effect would be anti-dilutive. Potential common shares consist of incremental common shares issuable upon the exercise of warrants and shares issuable upon the conversion of preferred stock.

 

Potentially dilutive shares of 4,454,743 and 3,714,250 for the three months ended September 30, 2014 and 2013, respectively, and 3,714,250 for the period from March 13, 2013 (date of inception) through September 30, 2013, were not included in the calculations of diluted earnings per share, as their inclusion would have been anti-dilutive due to the loss recorded for the periods, and represent stock purchase warrants and shares issuable upon conversion of preferred stock.