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v2.4.0.6
NOTE 7 - EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2012
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A reconciliation of basic to diluted earnings (loss) per share is as follows:

Nine months ended September 30,
 
2012
   
2012
   
2011
   
2011
 
   
Basic
   
Diluted
   
Basic
   
Diluted
 
Numerator:
                       
Net income (loss)
  $ (1,336,565 )   $ (1,336,565 )   $ (142,357 )   $ (142,357 )
Denominator:
                               
Weighted average shares outstanding
    17,338,804       17,338,804       17,324,439       17,324,439  
Effect of dilutive securities:
                               
Stock options and warrants
    ---       ---       ---       ---  
Weighted average shares outstanding
    17,338,804       17,338,804       17,324,439       17,324,439  
                                 
Earnings (loss) per share
  $ ( 0.08 )   $ ( 0.08 )   $ ( 0.01 )   $ ( 0.01 )