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Earnings Per Share
6 Months Ended
Mar. 02, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 9 Earnings Per Share

Basic and diluted net loss per share was computed in accordance with ASC Topic 260 “Earnings Per Share.” Basic net loss per share is computed by dividing net loss (numerator) by the weighted average number of common shares outstanding (denominator) during the period and excludes the dilutive effect of stock options. Because the Company reported a net loss in the second quarter and first six months of fiscal 2012 and fiscal 2011, common stock equivalents, which consisted of stock options, were anti-dilutive; therefore, the amounts reported for basic and dilutive loss per share were the same. 

 

    Three months ended  
    March 2, 2012     March 4, 2011  
    Earnings
(Numerator)
    Shares
(Denominator)
    Per
share
amount
    Earnings
(Numerator)
    Shares
(Denominator)
    Per
share
amount
 
                                     
Net loss   $ (363,702 )                   $ (970,584 )                
                                                 
Basic and diluted loss per share:                                                
Net loss available to common shareholders   $ (363,702 )     13,147,051     $ (0.03 )   $ (970,584 )     3,136,062     $ (0.07 )

 

    Six months ended  
    March 2, 2012     March 4, 2011  
    Earnings
(Numerator)
    Shares
(Denominator)
    Per
share
amount
    Earnings
(Numerator)
    Shares
(Denominator)
    Per
share
amount
 
                                     
Net loss   $ (1,220,334 )                   $ (996,360 )                
                                                 
Basic and diluted loss per share:                                                
Net loss available to common shareholders   $ (1,220,334 )     13,147,051     $ (0. 09 )   $ (996,360 )     12,891,556     $ (0. 08 )

 

Stock options excluded from the diluted net loss per share calculation due to their anti-dilutive effect are as follows:

 

    Three months ended     Six months ended  
    March 2,     March 4,     March 2,     March 4,  
    2012     2011     2012     2011  
Common stock options:                                
Number of shares     1,080,500       1,325,075       1,080,500       1,325,075  
Exercise price     $.125 to $2.50       $.125 to $2.50       $.125 to $2.50       $.125 to $2.50