EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Six months Ended
	Ref	6/30/2014		6/30/2013
Basic Earnings Per Share Numerator:
Net Income		$	1,353,338		779,941
Income from continued operations			1,353,338		779,941
Income/(loss) from discontinued operations			-
Less:
Preferred Dividends			-
Constructive Preferred Dividends income attributed to non-controlling interest			(3,363)		(1,498)
Net income available to Common Stockholders		$	1,356,701	$	781,439
Income from continued operations available to Common Stockholders		$	1,356,701	$	781,439
Income/(loss) from discontinued operations available to Common Stockholders			-		-

Diluted Earnings Per Share Numerator:
Add:
Interest Expense for Convertible Bonds, net of tax			-		704,853
Net income available to Common Stockholders			1,356,701		1,481,834
Income from continued operations available to Common Stockholders			1,356,701		1,486,292
Income/(loss) from discontinued operations available to Common Stockholders			-		-

Original Shares			57,608,833		31,802,382
Addition to Common Stock			-		-
Basic Weighted Average Shares Outstanding			57,608,833		31,802,382

Potentially Dilutive Securities:
Addition to Common Stock from Conversion of Preferred Stock B	(1)		-		-
Addition to Common Stock from Conversion of Preferred Stock B-1	(2)		-		-
Addition to Common Stock from Conversion of Convertible Bonds			-		-
Addition to Common Stock from Exercise of Warrants	(3)		-		-
Diluted Weighted Average Shares Outstanding			57,608,833		31,802,382

Earnings Per Share
Basic: - Net income		$	0.02	$	0.03
- Income from continued operation			0.02		0.03
- Income from discontinued operation			0.00		0.00
Diluted: - Net income		$	0.02	$	0.03
- Income from continued operation			0.02		0.03
- Income from discontinued operation			0.00		0.00

Weighted Average Shares Outstanding
- Basic			57,608,833		31,802,382
- Diluted			57,608,833		31,802,382

(1).

The applications of conversion of preferred stock B into common stock were anti-dilutive for the six months ended June 30, 2014 and 2013.

(2).

The applications of conversion of preferred stock B-1 into common stock were anti-dilutive for the six months ended June 30, 2014 and 2013.

(3).

The exercises of warrants to common stock were anti-dilutive for the six months ended June 30, 2014 and 2013.

(4).

The applications of conversion of convertible bonds into common stock were anit-dilutive for the six months ended June 30, 2014 and 2013.

Sino Gas International Holdings, Inc. 10-Q