|
NOTE 8 – EARNINGS PER SHARE INFORMATION
The calculation of the basic earnings per share is based
on the following data:
| |
Three months ended |
|
Nine months ended |
| |
December 31, 2012 |
|
December 31, 2011 |
|
December 31, 2012 |
|
December 31, 2011 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Net loss from continuing operations |
$ |
(781,394) |
|
$ |
(304,217) |
|
$ |
(2,566,476) |
|
$ |
(23,600,163) |
| Net loss on sale of Emir Oil |
|
- |
|
|
- |
|
|
- |
|
|
(127,147,771) |
| Net income from discontinued operations |
|
- |
|
|
- |
|
|
- |
|
11,899,714 |
| Basic weighted-average common shares outstanding |
|
55,787,554 |
|
|
55,787,554 |
|
|
55,787,554 |
|
|
55,787,554 |
| |
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per common share from continuing operations |
$ |
(0.01) |
|
$ |
(0.01) |
|
$ |
(0.05) |
|
$ |
(0.42) |
| Basic loss per common share on sale of Emir Oil |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
(2.28) |
| Basic income per common share from discontinued operations |
$ |
- |
|
$ |
- |
|
$ |
- |
|
$ |
0.21 |
| Total basic loss per common share |
$ |
(0.01) |
|
$ |
(0.01) |
|
$ |
(0.05) |
|
$ |
(2.49) |
As of December 31, 2012 and 2011, there were no options,
warrants, or restricted stock grants outstanding.
|