Note 9 - Earnings Per Share

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 9.  -  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,
	2015			2014			2015			2014
Basic net loss per share:
Net loss	$	(1,273	)	$	(1,128	)	$	(2,782	)	$	(2,144	)
Weighted average common shares outstanding		8,394			7,011			8,394			7,011
Basic net loss per share	$	(0.15	)	$	(0.16	)	$	(0.33	)	$	(0.31	)
Diluted net loss per share:
Net loss	$	(1,273	)	$	(1,128	)	$	(2,782	)	$	(2,144	)
Weighted average common shares outstanding		8,394			7,011			8,394			7,011
Dilutive stock options		-			-			-			-
Weighted average common shares outstanding – assuming dilution		8,394			7,011			8,394			7,011
Diluted net loss per share	$	(0.15	)	$	(0.16	)	$	(0.33	)	$	(0.31	)
Outstanding stock options that were not included in the diluted calculation because their effect would be anti-dilutive		827			258			825			263