Basic Loss Per Share of Common Stock

6 Months Ended

Dec. 31, 2012

Basic Loss Per Share Of Common Stock

Note 2 - Basic Loss Per Share of Common Stock

	Three Months Ended				Six Months Ended
	December 31,		December 31,		December 31,		December 31,
	2012		2011		2012		2011
Income (loss) (numerator)	$	42,224	$	28,072	$	129,329	$	(114,798	)
Basic Shares (denominator)		41,212,762		33,211,490		40,081,711		34,581,298
Fully Diluted Shares (denominator)		43,572,762		35,571,490		42,441,711		36,941,298
Basic Income (Loss) Per Share	$	0.00	$	0.00	$	0.00	$	(0.00	)
Fully Diluted Income (Loss) Per Share	$	0.00	$	0.00	$	0.00	$	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.