Loss Per Share

6 Months Ended

Jun. 30, 2011

Note 6 – Loss Per Share

Basic loss per share is computed on the basis of the weighted average number of common shares outstanding. Diluted loss per share is computed on the basis of the weighted average number of common shares outstanding plus the effect of outstanding stock options using the “treasury stock” method and the effect of convertible debt instruments and warrants as if they had been converted at the beginning of each period presented.

Basic and diluted loss per share was determined as follows:

	For the three months ended June 30,						For the six months ended June 30,
	2011			2010			2011			2010

Net loss attributable to common stockholders	$	(18,124	)	$	(204,240	)	$	(750,518	)	$	(761,350	)
Weighted average outstanding shares of common stock		129,368,861			123,570,367			129,317,189			123,470,726

Basic and diluted income (loss) per common share:
Net loss per common share attributable to common stockholders	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

For the three and six month periods ended June 30, 2011 and 2010, 3,171,666 shares and 4,447,999 shares, respectively, attributable to outstanding stock options were excluded from the calculation of diluted loss per share because the effect was antidilutive. Additionally, the effect of 66,172,151 warrants and 36,596 options which were issued prior to June 30, 2011 and 2010, respectively, and outstanding as of June 30, 2011, were excluded from the calculation of diluted loss per share for the three month periods ended June 30, 2011 and 2010, as appropriate, because the effect was antidilutive. Also excluded from the calculation of loss per share because their effect was antidilutive were 16,666,667 shares of common stock underlying the $500,000 convertible line of credit note to TAG Virgin Islands, Inc. as of June 30, 2011 and 2010, 145,170,038 shares underlying the Series A redeemable convertible preferred stock and 4,000,000 shares underlying the Series B convertible preferred stock.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

CONVERSION SERVICES INTERNATIONAL INC 10-Q