7. Income (Loss) per Share

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

NOTE 7 - Income (Loss) per Share

The following table sets forth the computation of basic and diluted income (loss) per share:

	Three Months Ended				Nine months Ended
	September 30, 2012		September 30, 2011		September 30, 2012		September 30, 2011
Numerator:
Net  income (loss) (numerator for basic and diluted earnings per share)	$	884	$	914	$	1,729	$	(628	)
Denominator:
Denominator for basic earnings per share weighted average shares		13,545,482		13,518,638		13,541,250		13,512,125
Effect of dilutive securities:
Options		3,664		2,719		2,381		-
Denominator
Denominator for diluted earnings per share weighted average shares		13,549,146		13,521,357		13,543,631		13,512,125
Basic income (loss) per share	$	0.07	$	0.07	$	0.13	$	(0.05	)
Diluted income (loss) per share	$	0.07	$	0.07	$	0.13	$	(0.05	)

A total of  988,812 shares related to options are not included in the computation of diluted loss per share for the three and nine months ended September 30, 2011 because to do so would have been anti-dilutive for these periods.