2. Income (Loss) Per Common Share (Tables)

6 Months Ended

Jun. 30, 2012

Net income (loss) per share of common stock:

calculation of diluted earnings per share

As of June 30, 2012 and 2011, the potentially dilutive common stock equivalents not included in the calculation of diluted earnings per share as their effect would have been anti-dilutive are as follows:

	June 30, 2012		June 30, 2011		June 30, 2012		June 30, 2011
Warrants		1,248,779		88,164		1,889,667		139,313
Convertible preferred stock		1,751,005		1,751,005		1,751,005		1,751,005
Total possible dilution		2,999,784		1,839,169		3,640,672		1,890,318