FRANKLIN WIRELESS CORP - FORM 10-Q/A - XML - IDEA: XBRL DOCUMENT - December 14, 2011

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EXCEL - IDEA: XBRL DOCUMENT - FRANKLIN WIRELESS CORPFinancial_Report.xls
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10-Q/A - FORM 10-Q AMENDMENT - FRANKLIN WIRELESS CORPfkwl_10qa-093011.htm
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NOTE 7 - EARNINGS PER SHARE
 3 Months Ended
Sep. 30, 2011
Earnings Per Share [Text Block]
NOTE 7 – EARNINGS PER SHARE

We report earnings per share in accordance with ASC 260, “Earnings Per Share.”  Basic earnings per share are computed using the weighted average number of shares outstanding during the fiscal year. Diluted earnings per share represent basic earnings per share adjusted to include the potentially dilutive effect of outstanding stock options. The weighted average number of shares outstanding used to compute earnings per share is as follows:

   
Three Months Ended September 30,
 
   
2011
   
2010
 
Net income (loss) before non-controlling interests
  $ (733,582 )   $ 962,653  
Non-controlling interests in net loss of subsidiary
    280,998       164,166  
Net income (loss)
  $ (452,584 )   $ 1,126,819  
                 
Weighted-average shares of common stock outstanding:
               
Basic
    11,832,284       13,464,361  
Dilutive effect of common stock equivalents arising from stock options
    205,138       164,534  
                 
Outstanding Shares (Diluted)
    12,037,422       13,628,895  
Basic earnings (loss) per share
  $ (0.04 )   $ 0.08  
                 
Diluted earnings (loss) per share
  $ (0.04 )   $ 0.08  

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