Basic Loss Per Share of Common Stock

6 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 2 - Basic Loss Per Share of Common Stock

	Three Months Ended					Six Months Ended
	December 31,		December 31,			December 31,			December 31,
	2011		2010			2011			2010
Income (Loss) (numerator)	$	28,072	$	(219,953	)	$	(114,798	)	$	(434,266	)
Shares (denominator)		34,777,263		33,211,490			34,581,298			33,377,334
Per Share Amount	$	0.00	$	(0.01	)	$	0.00		$	(0.01	)

The basic loss per share of common stock is based on the weighted average number of shares issued and outstanding during the period of the financial statements. Stock warrants convertible into 2,360,000 shares of common stock are not included in the basic calculation for the three months ended December 31, 2010 and the six months ended December 31, 2011 and 2010, because their inclusion would be antidilutive, thereby reducing the net loss per common share for those periods.