2. Net Loss Per Share

9 Months Ended

Sep. 30, 2014

Notes

2. Net Loss Per Share

2. Net Loss Per Share

The calculation of net loss per share follows:

	Three Months Ended  September 30, 2014	Three Months Ended September 30, 2013	Nine Months Ended  September 30, 2014	Nine Months Ended September 30, 2013
Basic:
Net loss available to common shareholders	$(182,996)	$(333,359)	$(607,195)	$(576,205)
Average common shares outstanding-basic	1,068,588	1,068,588	1,068,588	1,068,588
Net loss per share-basic	$(0.17)	$(0.31)	$(0.57)	$(0.54)
Diluted:
Average common shares-diluted	1,068,588	1,068,588	1,068,588	1,068,588
Net loss per share-diluted	$(0.17)	$(0.31)	$(0.57)	$(0.54)

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.