BLACKCRAFT CULT, INC. - FORM S-1/A - EX-11.1 - STATEMENT OF RE: COMPUTATION OF PER SHARE EARNINGS - June 19, 2012

Attached files

file filename
S-1/A - REGISTRATION STATEMENT ON FORM S-1 - BLACKCRAFT CULT, INC.s1mercultite.htm
EX-5.1 - OPINION OF STOECKLEIN LAW GROUP - BLACKCRAFT CULT, INC.ex5.htm
EX-4.A - ARTICLES OF INCORPORATION - BLACKCRAFT CULT, INC.ex4a.htm
EX-10.1 - SUBSCRIPTION AGREEMENT - BLACKCRAFT CULT, INC.ex10.htm
EX-4.B - BYLAWS - BLACKCRAFT CULT, INC.ex4b.htm
EX-4.C - STOCK CERTIFICATE SPECIMEN - BLACKCRAFT CULT, INC.ex4c.htm
EX-3.(I)(A) - ARTICLES OF INCORPORATION - BLACKCRAFT CULT, INC.ex3ia.htm
EX-3.(II)(A) - BYLAWS - BLACKCRAFT CULT, INC.ex3ii.htm
EX-23.2 - CONSENT OF STOECKLEIN LAW GROUP - BLACKCRAFT CULT, INC.ex23-2.htm
EX-23.1 - CONSENT OF DE JOYA GRIFFITH & COMPANY, LLC - BLACKCRAFT CULT, INC.ex23-1.htm
EXHIBIT 11
 
 
Statement of Computation of Per Share Earnings
 
 
Earnings per share
 
 
The Company follows Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 260 "Earnings Per Share" ("FASB ASC 260"). Basic earning per common share ("EPS") calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earning per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered in the computation.
 

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