SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2012

Earnings (Loss) Per Common Share

The factors used in the earnings per share computation follow:

	Three months ended September 30,						Nine months ended September 30,
	2012			2011			2012			2011
Basic
Net loss	$	(1,909	)	$	(435	)	$	(3,332	)	$	(4,066	)
Less: Preferred dividends and accretion of discount on preferred stock		(107	)		(107	)		(328	)		(317	)
Plus: Discount on redemption of preferred stock		4,960			—			4,960			—
Less: Net income (loss) allocated to unvested share-based payment awards		(1	)		3			(1	)		27
Earnings (loss) available to common stockholders	$	2,943		$	(539	)	$	1,299			(4,356	)
Weighted average common shares outstanding including unvested share-based payment awards		7,673,201			825,364			3,113,356			825,368
Less: Unvested share-based payment awards		(2,167	)		(4,500	)		(2,722	)		(5,102	)
Average shares		7,671,034			820,864			3,110,634			820,266
Basic earnings (loss) per common share	$	0.38		$	(0.66	)	$	0.42		$	(5.31	)
Diluted
Earnings (loss) available to common stockholders	$	2,943		$	(539	)	$	1,299		$	(4,356	)
Weighted average common shares outstanding for basic earnings (loss) per common share		7,671,034			820,864			3,110,634			820,266
Add: Dilutive effects of assumed exercises of stock options		273			—			92			—
Add: Dilutive effects of assumed exercises of stock warrant		—			—			—			—
Average shares and dilutive potential common shares		7,671,307			820,864			3,110,726			820,266
Diluted earnings (loss) per common share	$	0.38		$	(0.66	)	$	0.42		$	(5.31	)

Anti-dilutive average common shares

The following stock options and warrant were not considered in computing diluted earnings (loss) per common share because the options or warrant were anti-dilutive or the Company reported a net loss for the periods presented.

	Three months ended September 30,				Nine months ended September 30,
	2012		2011		2012		2011
Stock options		39,694		44,656		39,694		44,656
Stock warrant		63,574		67,314		66,067		67,314