EXHIBIT 11.1

COMPUTATION OF EARNINGS (LOSS) PER COMMON SHARE

	Three months ended September 30,					Nine months ended September 30,
	2007		2006			2007			2006
Diluted earnings (loss) per share from continuing operations:
Net income (loss) from continuing operations available to common shareholders	$	65,000	$	(868,000	)	$	(9,505,000	)	$	(3,669,000	)
Weighted average number of shares outstanding	7,957,428		7,957,428			7,957,428			7,957,428
Net effect of dilutive stock options based on treasury stock method	—		—			—			—
Total average shares	7,957,428		7,957,428			7,957,428			7,957,428
Fully diluted earnings (loss) per share from continuing operations	$	0.01	$	(0.11	)	$	(1.19	)	$	(0.46	)