EXHIBIT 11

COMPUTATION OF INCOME (LOSS) PER COMMON SHARE

	Year Ended December 31,
	2005			2004			2003
Diluted net income (loss) per share:
Net income (loss) to common shareholders	$	(6,867,000	)	$	(3,932,000	)	$	5,399,000
Weighted average number of shares outstanding	8,045,604			8,462,950			8,651,500
Net effect of dilutive stock options based on treasury stock methodmethod	—			—			115,900
Total average shares	8,045,604			8,462,950			8,767,400
Fully diluted net income (loss) per share	$	(0.85	)	$	(0.46	)	$	0.62