EX-11 2 ex11.htm EXHIBIT 11 ex11.htm
 
Exhibit 11

 
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
  
                   
The composition of basic and diluted earnings per share was as follows for:
  
                   
   
Year Ended December 31,
  
   
2007
    
2006
    
2005
  
Net income available to common stockholders
  $ 8,408     $ 2,717     $ -  
                         
Weighted average number of common shares outstanding
    26,700,000       26,700,000       5,625,000  
Effect of warrants
    5,586,996       5,118,772       0  
Weighted average diluted number of common shares outstanding
    32,286,996       31,818,772       5,625,000  
                         
Basic earnings per share
   $ 0.31     $ 0.10     $ -  
Diluted earnings per share
   $ 0.26     $ 0.09     $ -