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Earnings Per Share Computation
 12 Months Ended
Dec. 31, 2011
Earnings Per Share Computation:  
Earnings Per Share Computation

 

14.   

EARNINGS PER SHARE COMPUTATION

 

Net loss per common share is calculated as follows:

 

 

Year ended December 31, 2011

 

 

 

Loss

 

 

Shares

 

 

Per share

 

 

 

(numerator)

 

 

(denominator)

 

 

amount

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(1,031,240

)

 

 

 

 

 

 

Basic  EPS

 

 

 

 

 

 

 

 

 

 

Loss attributable to common stockholders

 

$

(1,031,240

)

 

 

1,068,588

 

 

$

(0.97

)

Fully Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Loss attributable to common stockholders

 

$

(1,031,240

)

 

 

1,068,588

 

 

$

(0.97

)

 

 

 

 

 

 

Year ended December 31, 2010

 

 

 

Loss

 

 

Shares

 

 

Per share

 

 

 

(numerator)

 

 

(denominator)

 

 

amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(1,227,798

)

 

 

 

 

 

 

 

 

Basic  EPS

 

 

 

 

 

 

 

 

 

 

 

 

Loss attributable to common stockholders

 

$

(1,227,798

)

 

 

1,068,588

 

 

$

(1.15

)

Fully Diluted EPS

 

 

 

 

 

 

 

 

 

 

 

 

Loss attributable to common stockholders

 

$

(1,227,798

)

 

 

1,068,588

 

 

$

(1.15

)

 

 

 

 

There were no common stock equivalents for the years December 31, 2011 and 2010.

 

The preferred stock is non cumulative and the Company is restricted from paying dividends.  Therefore, no effect of the preferred stock is included in the earnings per share calculations.