Net Loss Per Share

6 Months Ended

Jun. 30, 2012

Net Loss Per Share [Abstract]

Net Loss Per Share

2. Net Loss Per Share

The calculation of net loss income per share follows:

	Three Months Ended June 30, 2012	Three Months Ended June 30, 2011	Six Months Ended June 30, 2012	Six Months Ended June 30, 2011
Basic:
Net loss available to common shareholders	$(236,896)	$(168,784)	$(474,705)	$(476,751)
Average common shares outstanding-basic	1,065,588	1,065,588	1,065,588	1,065,588
Net loss per share-basic	$ (0.22)	$ (0.16)	$ (0.45)	$ (0.45)
Diluted:
Average common shares-diluted	1,065,588	1,065,588	1,065,588	1,065,588
Net loss per share-diluted	$ (0.22)	$ (0.16)	$ (0.45)	$ (0.45)

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 loss per share calculations.