EXHIBIT 11.1

COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE

	Quarter Ended September 30,						Nine Months Ended September 30,
	2006			2005			2006			2005
Diluted net loss per share:
Net loss to common shareholders	$	(823,000	)	$	(2,481,000	)	$	(3,614,000	)	$	(3,943,000	)
Average number of shares outstanding	7,957,428			7,957,428			7,957,428			8,089,692
Net effect of dilutive stock options based on treasury stock method	—			—			—			—
Total average shares	7,957,428			7,957,428			7,957,428			8,089,692
Diluted net loss per share	$	(0.10	)	$	(0.31	)	$	(0.45	)	$	(0.49	)