Note 8 - Earning Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 8. - EARNINGS PER SHARE

Basic earnings per share are computed by dividing reported earnings available to common shareholders by weighted average common shares outstanding.  Diluted earnings per share give effect to dilutive potential common shares. Earnings per share are calculated as follows (in thousands, except per share data):

	Three months ended						Six months ended
	June 30,						June 30,
	2013			2012			2013			2012
Basic net loss per share:
Net loss	$	(895	)	$	(1,122	)	$	(2,305	)	$	(2,051	)
Weighted average common shares outstanding		7,000			6,982			7,003			6,948
Basic net loss per share	$	(0.13	)	$	(0.16	)	$	(0.33	)	$	(0.30	)
Diluted net loss per share:
Net loss	$	(895	)	$	(1,122	)	$	(2,305	)	$	(2,051	)
Weighted average common shares outstanding		7,000			6,982			7,003			6,948
Dilutive stock options		-			-			-			-
Weighted average common shares outstanding – assuming dilution		7,000			6,982			7,003			6,948
Diluted net loss per share	$	(0.13	)	$	(0.16	)	$	(0.33	)	$	(0.30	)
Outstanding stock options that were not included in the diluted calculation because their effect would be anti-dilutive		664			752			666			752