Annual report pursuant to section 13 and 15(d)

Net (Loss) Per Share

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Net (Loss) Per Share
 12 Months Ended
Dec. 31, 2011
Net Loss Per Share  
Net (Loss) Per Share

 

NOTE 8 – NET (LOSS) PER SHARE

Basic earnings per share (EPS) is computed by dividing net (loss) by the weighted average number of common shares outstanding, and the dilutive EPS adds the dilutive effect of stock options and other stock equivalents. For the year ended December 31, 2010, outstanding options to purchase an aggregate of 15,000,000 shares of stock were excluded from the computation of dilutive earnings per share because the inclusion would have been anti-dilutive. At December 31, 2011, the outstanding options expired unexecuted.