Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)

v3.5.0.2
Note 2 - Significant Accounting Policies: Basic and Diluted Earnings Per Share (Policies)
3 Months Ended
Jun. 30, 2016
Policies  
Basic and Diluted Earnings Per Share

Basic and Diluted Loss Per Share

 

The computation of basic loss per share of common stock is based on the weighted average number of shares outstanding during the periods presented using the treasury stock method. The computation of fully diluted loss per share includes common stock equivalents outstanding at the balance sheet date. As of June 30, 2016 and 2015 the Company had 332,794 and 69,190 common stock equivalents from equity awards that have been excluded from the calculation of diluted loss per share as their effect would have been anti-dilutive. Basic and diluted loss per share are as follows:

 

 

For the Three Months Ended June 30,

 

2016

 

2015

Net income (loss) applicable to common shareholders

$

         (605,295)

 

$

         (458,813)

Weighted average shares outstanding

 

53,256,333

 

 

53,214,594

Weighted average fully diluted shares outstanding

 

53,256,333

 

 

53,214,594

Basic earnings per share

$

(0.01)

 

$

(0.01)

Fully diluted earnings per share

$

(0.01)

 

$

(0.01)