2. Net Loss Per Share

9 Months Ended

Sep. 30, 2015

Notes

2. Net Loss Per Share

2. Net Loss Per Share

The calculation of net loss per share follows:

	Three Months Ended September 30, 2015	Three Months Ended September 30, 2014	Nine Months Ended September 30, 2015	Nine Months Ended September 30, 2014
Basic:
Net loss available to common shareholders	$(209,909)	$(182,996)	$(313,006)	$(607,195)
Average common shares outstanding-basic	826,921	1,068,588	986,487	1,068,588
Net loss per share-basic	$(0.25)	$(0.17)	$(0.32)	$(0.57)
Diluted:
Average common shares-diluted	826,921	1,068,588	986,487	1,068,588
Net loss per share-diluted	$(0.25)	$(0.17)	$(0.32)	$(0.57)

Wells Fargo (formerly Wachovia Corporation) owned 241,666 shares of UBS Common Stock (50,000 voting shares); however, on February 18, 2015, Wells Fargo returned all shares (voting and non voting) for cancellation.

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.