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2. Net Income (loss) Per Common Share
9 Months Ended
Sep. 30, 2012
Notes  
2. Net Income (loss) Per Common Share 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 September 30, 2012

Nine months ended September 30, 2012

Three months ended September 30, 2011

Nine months ended September 30, 2011

Denominator for basic net income (loss) per share, weighted average shares outstanding

15,184,765

14,930,809

14,255,351

13,994,740

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

15,184,765

14,930,809

14,255,351

13,994,740

 

Options to purchase 343,000 and 320,000 shares of our common stock outstanding at September 30, 2012 and 2011, respectively, and 375  and 375 shares of convertible preferred stock at September 30, 2012 and 2011, were not included in the computation of diluted net loss per share because they were anti-dilutive.