Note 2 - Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Text Block]

NOTE 2 -- EARNINGS PER SHARE

The following table sets forth the computation for basic and diluted loss per share for the periods indicated:

(in thousands, except share data)	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Numerator:
Net loss available to common stockholders	$	(6,446)	$	(2,932)	$	(5,760)	$	(1,2050
Denominator:
Basic earnings per share - weighted average common shares		3,354,896		3,328,035		3,352,167		3,327,005
Net loss per share available to common stockholders:
Basic	$	(1.92)	$	(0.88)	$	(1.72)	$	(0.36)
Diluted	$	(1.92)	$	(0.88)	$	(1.72)	$	(0.36)

The following shares were not considered in computing diluted earnings per share for the three and six month periods ended June 30, 2012 and 2011 because they were anti-dilutive:

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Stock options to purchase shares of common stock		360,308		555,277		360,308		555,277
Average dilutive potential common shares associated with common stock warrants		155,025		155,025		155,025		155,025