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EXCEL - IDEA: XBRL DOCUMENT - XINHUA CHINA LTDFinancial_Report.xls
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v2.4.0.6
NET LOSS PER SHARE
12 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Note 11 - NET LOSS PER SHARE

Basic net loss per share is computed using the weighted average number of the ordinary shares outstanding during the year.  Diluted net loss per share is computed using the weighted average number of ordinary shares and ordinary share equivalents outstanding during the year.

 

The following table sets forth the computation of basic and diluted net loss per share for the year indicated:

 

Basic and diluted net loss per share calculation:   2012     2011  
             
(a). Numerator:            
  Net loss used in computing basic net loss per share   $ (573,350 )   $ (7,418,334 )
                 
(b). Denominator:                
  Weighted average ordinary shares outstanding     499,911,400       499,911,400  
                 
                 
Basic and diluted net loss per share   $ (0.0011 )   $ ( 0.0148 )

 

For the year ended June 30, 2012 in which the Company had a net loss, inclusion of warrants outstanding would have been anti-dilutive and therefore not included in the computation of diluted losses per share.