2. Net Income (loss) Per Share

6 Months Ended

Jun. 30, 2013

Notes

2. Net Income (loss) Per Share

2. Net Income (Loss) Per Share

The calculation of net (loss) income per share follows:

	Three Months Ended  June 30, 2013	Three Months Ended June 30, 2012	Six Months Ended  June 30, 2013	Six Months Ended June 30, 2012
Basic:
Net income (loss) available to common shareholders	$95,977	$(236,896)	$(242,810)	$(474,705)
Average common shares outstanding-basic	1,068,588	1,068,588	1,068,588	1,068,588
Net income (loss) per share-basic	$0.09	$(0.22)	$(0.23)	$(0.45)
Diluted:
Average common shares-diluted	1,068,588	1,068,588	1,068,588	1,068,588
Net income (loss) per share-diluted	$0.09	$(0.22)	$(0.23)	$(0.44)

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 income (loss) per share calculations.