EX-11.1 2 a08-11338_1ex11d1.htm EX-11.1

EXHIBIT 11.1

 

COMPUTATION OF LOSS PER COMMON SHARE

 

 

 

Quarter Ended March 31,

 

 

 

2008

 

2007

 

Diluted net loss per share from continuing operations:

 

 

 

 

 

Net loss from continuing operations available to common shareholders

 

$

(4,829,000

)

$

(6,364,000

)

 

 

 

 

 

 

Weighted average number of shares outstanding

 

7,954,928

 

7,957,428

 

Net effect of dilutive stock options based on treasury stock method

 

—

 

—

 

Total average shares

 

7,954,928

 

7,957,428

 

 

 

 

 

 

 

Fully diluted net loss per share from continuing operations

 

$

(0.60

)

$

(0.80

)