Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE INFORMATION

v2.4.0.6
EARNINGS (LOSS) PER SHARE INFORMATION
 9 Months Ended
Sep. 30, 2012
EARNINGS (LOSS) PER SHARE INFORMATION  
EARNINGS (LOSS) PER SHARE INFORMATION

NOTE 2 – EARNINGS (LOSS) PER SHARE INFORMATION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Predecessor

 

 

 

Successor

 

 

Carve-out

 

 

 

For The Three Months

 

For The Nine

 

For The Five

 

 

For The Four

 

 

 

Ended September 30,

 

Months Ended

 

Months Ended

 

 

Months Ended

 

 

 

2012

 

 

2011

 

September 30, 2012

 

September 30, 2011

 

 

April 30, 2011

Net Income (Loss)

 

$

(631,453)

 

$

126,876

 

$

(1,803,104)

 

$

101,641

 

 

$

8,322

Basic Weighted-Average Shares Outstanding

 

 

11,433,730

 

 

6,250,000

 

 

6,172,054

 

 

6,250,000

 

 

 

6,250,000

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

-

 

 

-

 

 

-

 

 

-

 

 

 

-

Diluted Weighted-Average Shares Outstanding

 

 

11,433,730

 

 

6,250,000

 

 

6,172,054

 

 

6,250,000

 

 

 

6,250,000

Basic Earnings (Loss) per Share

 

$

(0.06)

 

$

0.02

 

$

(0.29)

 

$

0.02

 

 

$

-

Diluted Earnings (Loss) per Share

 

$

(0.06)

 

$

0.02

 

$

(0.29)

 

$

0.02

 

 

$

-

 

Stock options to purchase 1,125,000 shares of common stock were excluded from the computation of diluted earnings (loss) per share during the three and nine months ended September 30, 2012 as their effect would have been anti-dilutive.  There were no stock options outstanding during the three or nine months ended September 30, 2011.