Quarterly report pursuant to sections 13 or 15(d)

NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE (Tables)

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NOTE 2 - NET INCOME (LOSS) PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2012
Schedule of Earnings Per Share Reconciliation [Table Text Block]
Schedule of earnings per share reconciliation

   
Three Months Ended
   
Three Months Ended
 
   
June 30, 2012
   
June 30, 2011
 
Basic net income (loss)  per share attributable to common shareholders computation:
           
  Net income (loss) attributable to common stockholders
 
$
(334,031
 
$
2,291,214
 
  Weighted-average common shares outstanding
   
116,800,933
     
4,447,028
 
  Basic net income (loss) per share attributable to common Stockholders
 
$
(0.00
 
$
0.52
 
Diluted net income (loss) per share attributable to common shareholders computation
               
  Net income (loss) attributable to common stockholders
 
$
(334,031
 
$
2,291,214
 
  Weighted-average common shares outstanding
   
116,800,933
     
4,447,028
 
  Incremental shares attributable to the common stock  equivalents
   
-
     
101,277,181
 
  Total adjusted weighted-average shares
   
116,800,933
     
105,724,210
 
  Diluted net income (loss) per share attributable to common Stockholders
 
$
(0.00
 
$
0.02
 
   
Six Months Ended
   
Six Months Ended
 
   
June 30, 2012
   
June 30, 2011
 
Basic net income (loss)  per share attributable to common shareholders computation:
           
  Net income (loss) attributable to common stockholders
  $ (1,042,222 )   $ 2,730,853  
  Weighted-average common shares outstanding
    113,823,898       4,504,992  
  Basic net income (loss) per share attributable to common Stockholders
  $ (0.01 )   $ 0.61  
Diluted net income (loss) per share attributable to common shareholders computation
               
  Net income (loss) attributable to common stockholders
  $ (1,042,222 )   $ 2,730,853  
  Weighted-average common shares outstanding
    113,823,898       4,504,992  
  Incremental shares attributable to the common stock  equivalents
    -       101,277,181  
  Total adjusted weighted-average shares
    113,823,898       105,782,173  
  Diluted net income (loss) per share attributable to common Stockholders
  $ (0.01 )   $ 0.03