EX-11.1 2 ex11-1.htm EXHIBIT 11.1 ex11-1.htm
EXHIBIT 11.1
 
COMPUTATION OF LOSS PER COMMON SHARE
       
   
Quarter Ended March 31,
  
   
2009
  
2008
  
Diluted net loss per share from continuing operations:
              
Net loss from continuing operations available to common shareholders
  
$
(2,258,000
)
$
(4,335,000
)
               
Weighted average number of shares outstanding
    
7,954,928
    
7,954,928
  
Net effect of dilutive stock options based on treasury stock method
    
-
    
-
  
Total average shares
    
7,954,928
    
7,954,928
  
               
Fully diluted net loss per share from continuing operations
  
$
(0.28
)
$
(0.54
)