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v2.4.0.6
Note 7. Net Loss Per Common Share
3 Months Ended
Oct. 31, 2012
Earnings Per Share [Abstract]  
Note 7. Net Loss Per Common Share

Note 7. Net Loss Per Common Share

Loss per share is computed based on the weighted average number of shares outstanding during the year. Diluted loss per common share is computed by dividing net loss by the weighted average number of common shares and potential common shares during the specified periods. The Company has no outstanding options, warrants or other convertible instruments that could affect the calculated number of shares.

The following table sets forth the reconciliation of the basic and diluted net loss per common share computations for the three months ended October 31, 2012 and 2011.

   Three Months Ended  Three Months Ended
   October 31, 2012  October 31, 2011
   Income  Shares  Per-Share  Income  Shares  Per-Share
    (Numerator)    (Denominator)    Amount    (Numerator)    (Denominator)    Amount 
                               
                               
Net (loss)  $(24,930)            $(28,062)          
                               
Basic loss per common share   (24,930)   99,907,316    (0.00)   (28,062)   21,157,316    (0.00)
                               
Effect of dilutive securities   —                —             
                               
Diluted loss per common share  $(24,930)   99,907,316    (0.00)  $(28,062)   21,157,316    (0.00)