Quarterly report pursuant to sections 13 or 15(d)

NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE

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NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
NOTE 2 – NET INCOME (LOSS) PER COMMON SHARE

The Company’s basic income per common share is based on net income for the relevant period, divided by the weighted average number of common shares outstanding during the period.  Diluted income per common share is based on net income, divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding option and warrants. The computation of diluted income per share for the three months ended March 31, 2014 does not include share equivalents as all warrants and options exceeded the average market price of the common stock for the three months ended March 31, 2014.

   
Three Months
Ended
   
Three Months 
Ended
 
   
March 31,
2014
   
March 31,
2013
 
Basic net income per share computation:
           
Net income
 
$
120,741
   
$
115,530
 
Weighted-average common shares outstanding
   
117,915,865
     
116,950,933
 
Basic net income per share
 
$
0.00
   
$
0.00
 
Diluted net income per share computation:
               
Net income
 
$
120,741
   
$
115,530
 
Weighted-average common shares outstanding
   
117,915,865
     
116,950,933
 
Incremental shares attributable to the common
stock equivalents
   
-
     
199,067
 
Total adjusted weighted-average shares
   
117,915,865
     
117,150,000
 
Diluted net income per share
 
$
0.00
   
$
0.00