2. Net Loss Per Share

9 Months Ended

Sep. 30, 2016

Disclosure Text Block [Abstract]

2. Net Loss Per Share

2. Net (Loss) Income Per Share

The calculation of net loss per share follows:

	Three Months Ended  September 30, 2016	Three Months Ended September 30, 2015	Nine Months Ended   September 30, 2016	Nine Months Ended   September 30, 2015
Basic:
Net loss available to common shareholders	$     (117,877)	$     (209,909)	$     (1,842)	$     (313,006)
Average common shares outstanding-basic	826,921	826,921	826,921	986,487
Net loss per share-basic	$   (0.14)	$   (0.25)	$   0.00	$   (0.32)
Diluted:
Average common shares-diluted	826,921	826,921	826,921	986,487
Net loss per share-diluted	$   (0.14)	$   (0.25)	$   0.00	$   (0.32)

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.