Earnings Per Share

3 Months Ended

Sep. 30, 2011

Earnings Per Share

Earnings Per Share [Text Block]

2.      NET INCOME (LOSS) PER COMMON SHARE

The following sets forth the denominator used in the calculations of basic net income (loss) per share and net income (loss) per share assuming dilution:

	Three months ended	Nine months ended	Three months ended	Nine months ended
	September 30, 2011	September 30, 2011	October 31, 2010	October 31, 2010
Denominator for basic net income (loss) per share, weighted average shares outstanding	14,255,351	13,994,740	13,824,944	12,232,955
Dilutive effect of common stock options	N/A	N/A	N/A	N/A
Dilutive Effect of Series C convertible preferred stock	N/A	N/A	N/A	N/A
Denominator for diluted net income (loss) per share, weighted average shares outstanding	14,255,351	13,994,740	13,824,944	12,232,955

Options to purchase 320,000 and 309,000 shares of our common stock at September 30, 2011 and October 31, 2010, respectively, were outstanding and 375 shares of convertible preferred stock at September 30, 2011 were not included in the computation of diluted net income (loss) per share because