Basic Loss Per Share of Common Stock

6 Months Ended

Dec. 31, 2013

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,
	2013		2012		2013		2012
Income (numerator)	$	45,318	$	42,224	$	119,882	$	129,329
Basic Shares (denominator)		47,388,601		41,212,762		46,102,188		40,081,711
Fully Diluted Shares (denominator)		52,248,601		43,572,762		50,962,188		42,441,711
Basic Income Per Share	$	0.00	$	0.00	$	0.00	$	0.00
Fully Diluted Income Per Share	$	0.00	$	0.00	$	0.00	$	0.00

The basic income 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 4,860,000 shares of common stock are included in the fully diluted income per share calculation.