EX-11.1 2 ex11_1.htm EXHIBIT 11.1 ex11-1.htm

EXHIBIT 11.1
 
COMPUTATION OF LOSS PER COMMON SHARE
 
   
Three Months Ended June 30,
   
Six Months Ended June 30,
 
   
2009
   
2008
   
2009
   
2008
 
Diluted net loss per share from continuing operations:
                       
Net  loss from continuing operations available to common shareholders
  $ (1,786,000 )   $ (3,959,000 )   $ (4,044,000 )   $ (8,293,000 )
                                 
Weighted average number of shares outstanding
    7,954,928       7,954,928       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       7,954,928       7,954,928  
                                 
Fully diluted net loss per share from continuing operations
  $ (0.22 )   $ (0.50 )   $ (0.51 )   $ (1.04 )