2. Net Loss Per Share

6 Months Ended

Jun. 30, 2016

Disclosure Text Block [Abstract]

2. Net Loss Per Share

2. Net Loss Per Share

The calculation of net loss per share follows:

	Three Months Ended     June 30, 2016	Three Months Ended June 30, 2015	Six Months Ended   June 30, 2016	Six Months Ended   June 30, 2015
Basic:
Net loss available to common shareholders	$ 316,352	$ (117,949)	$ 116,035	$  (103,096)
Average common shares outstanding-basic	826,921	826,921	826,921	986,262
Net loss per share-basic	$  0.38	$  (0.14)	$  0.14	$ (0.10)
Diluted:
Average common shares-diluted	826,921	826,921	826,921	986,262
Net loss per share-diluted	$ 0.38	$   (0.14)	$  0.14	$  (0.10)

 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.