7. Income (Loss) per Share

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

NOTE 7 - Income (Loss) per Share

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

	Three Months Ended				Six Months Ended
	June 30, 2014		June 30, 2013		June 30, 2014		June 30, 2013
Numerator:
Net  income (numerator for basic and diluted earnings per share)	$	672	$	197	$	1,147	$	602
Denominator:
Denominator for basic earnings per share weighted average shares		13,645,025		13,564,119		13,634,182		13,554,852
Effect of dilutive securities:
Options		86,397		89,584		87,572		25,118
Denominator
Denominator for diluted earnings per share weighted average shares		13,731,422		13,653,703		13,721,754		13,579,970
Basic income per share	$	0.05	$	0.01	$	0.08	$	0.04
Diluted income per share	$	0.05	$	0.01	$	0.08	$	0.04

A total of  227,444 shares related to options are not included in the computation of diluted income per share for the three and six months ended June 30, 2014 because to do so would have been anti-dilutive for these periods.