| 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, 2011 |
|
December
31, 2010 |
|
December
31, 2011 |
|
December
31, 2010 |
| |
|
|
|
|
|
|
|
|
| Net loss from continuing operations |
|
$ |
(304,217 |
) |
|
$ |
(4,020,606 |
) |
|
$ |
(150,747,934 |
) |
|
$ |
(10,936,606 |
) |
| Net income from discontinued operations |
|
|
— |
|
|
|
5,383,922 |
|
|
|
11,899,714 |
|
|
$ |
12,615,370 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic weighted-average common shares outstanding |
|
|
55,787,554 |
|
|
|
53,685,060 |
|
|
|
55,787,554 |
|
|
|
52,465,539 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic loss per common share from continuing operations |
|
$ |
(0.01 |
) |
|
$ |
(0.07 |
) |
|
$ |
(2.70 |
) |
|
$ |
(0.21 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic income per common share from discontinued operations |
|
$ |
— |
|
|
$ |
0.10 |
|
|
$ |
0.21 |
|
|
$ |
0.24 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total basic income per common share |
|
$ |
(0.01 |
) |
|
$ |
0.03 |
|
|
$ |
(2.49 |
) |
|
$ |
0.03 |
|
Options, warrants, and restricted stock grants were not included
in the calculation of earnings per common share for the periods ended December 31, 2010, as the effect of their inclusion would
be anti-dilutive.
The table below provides total potential shares outstanding, including
those that are anti-dilutive, at each balance sheet date:
| |
|
December 31,
2011 |
|
December 31,
2010 |
| Shares issuable under common stock warrants associated with the convertible notes payable |
|
- |
|
30,700,000 |
| Shares issuable under stock options |
|
- |
|
100,000 |
|