2. Net Loss Per Share

3 Months Ended

Mar. 31, 2016

Disclosure Text Block [Abstract]

2. Net Loss Per Share

2. Net (Loss) Income Per Share

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

	Three Months Ended March 31, 2016	Three Months Ended March 31, 2015
Basic:
Net (loss) income available to common shareholders	$ (198,981)	$ 14,634
Average common shares outstanding-basic	826,921	1,046,679
Net (loss) income per share-basic	$ (0.24)	$ 0.01
Diluted:
Average common shares-diluted	826,921	1,046,679
Net (loss) income  per share-diluted	$ (0.24)	$ 0.01

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.