Note 4 - Loss Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 4 – Loss Per Share

For periods with net income, net income per common share information is computed using the two-class method. Under the two-class method, basic net income per common share is computed by dividing the net income attributable to common stockholders by the weighted average number of shares of common stock outstanding during the period. No such adjustment to earnings is made during periods with a net loss, as the holders of the convertible preferred shares have no obligation to fund losses.

The table below sets forth the calculation of the percentage of net earnings (loss) allocable to common shareholders under the two-class method:

	Three Months Ended,
	March 31, 2014			March 31, 2013
Numerator:
Weighted average participating common shares		31,884,320			31,825,503
Denominator:
Weighted average participating common shares		31,884,320			31,825,503
Add: Weighted average shares of Convertible Preferred Stock		-			-
Weighted average participating shares		31,884,320			31,825,503
Portion allocable to common shareholders		100.0	%		100.0	%

Diluted earnings(loss) per share for the years ended December 31, 2013 and 2012 do not reflect the following potential common shares, as the effect would be antidilutive.

	Years Ended March 31,
	2014		2013
Stock options		638,000		725,000
Unvested restricted stock awards		89,000		-
Convertible preferred stock		3,562,299		3,562,299
Total		4,289,299		4,287,299