Basic Loss Per Share of Common Stock

9 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 2 - Basic Loss Per Share of Common Stock

	Three Months Ended					Nine Months Ended
	March 31,		March 31,			March 31,			March 31,
	2012		2011			2012			2011
Income (Loss) (numerator)	$	2,991	$	(243,153	)	$	(111,807	)	$	(667,419	)
Basic - Shares (denominator)		37,469,960		34,213,826			35,638,468			33,213,826
Fully Diluted Shares (denominator)		39,829,960		36,573,826			37,998,468			35,573,826
Basic Income (Loss) Per Share	$	0.00	$	(0.01	)	$	(0.00	)	$	(0.02	)
Fully Diluted Income (Loss) Per Share	$	0.00		N/A			N/A			N/A

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 because their inclusion would be antidilutive, thereby reducing the net loss per common share.