Net Loss Per Common Share

9 Months Ended

Sep. 30, 2011

Net Loss Per Common Share

Note B – Net Loss Per Common Share

Basic net loss per common share is calculated by dividing the net loss by the weighted average number of outstanding common shares during the period. Diluted net loss per common share includes the weighted average dilutive effect of stock options and warrants. Potential common shares outstanding as of September 30, 2011 and 2010:

 

	September 30, 2011		September 30, 2010
Warrants		75,000		75,000
Options		3,081,580		2,826,580

There were no securities included in the diluted net loss per common share for the three and nine months ended September 30, 2011 and September 30, 2010 (because the effect would have been anti-dilutive) .