NOTE 3 BASIC LOSS PER SHARE

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Text Block]

NOTE 3  BASIC LOSS PER SHARE

The computations of basic loss per share of common stock are based on the weighted average number of common shares outstanding during the periods of the consolidated financial statements as follows:

	For the Three Months Ended September 30,
	2011			2010
Numerator
- Loss before extraordinary items	$	(485,040	)	$	(1,681,826	)
- Extraordinary items		-			-
Denominator (weighted average number of common shares outstanding)		269,632,672			250,143,347
Basic loss per share
- Before extraordinary items	$	(0.00	)	$	(0.01	)
- Extraordinary items	$	(0.00	)	$	0.00
Basic Loss Per Share	$	(0.00	)	$	(0.01	)

	For the Nine Months Ended September 30,
	2011			2010
Numerator
- Loss before extraordinary items	$	(1,526,519	)	$	(2,379,787	)
- Extraordinary items		-			-
Denominator (weighted average number of common shares outstanding)		264,562,692			246,780,162
Basic loss per share
- Before extraordinary items	$	(0.01	)	$	(0.01	)
- Extraordinary items	$	(0.00	)	$	(0.00	)
Basic Loss Per Share	$	(0.01	)	$	(0.01	)

Common stock equivalents, consisting of options, have not been included in the calculation as their effect is antidilutive for the periods presented.