Total Sports Media Inc. (fka TSMI)

[AliEn BRaInZ stox]

$LUXD Pump & Dump is over.. READ" LUX DIGITAL PICTURES, INC.
NOTES TO FINANCIAL STATEMENTS "
FEBRUARY 29, 2012

NOTE 1: NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES (continued)

Basic and Diluted Income (Loss) Per Share
Basic earnings (loss) per common share is computed by dividing net income or (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted earnings per common share is computed similar to basic earnings per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At February 29, 2012 the Company had no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.