Income (loss) Per Share

3 Months Ended

Mar. 31, 2012

Income (loss) Per Share [Abstract]

Earnings Per Share [Text Block]

Income (Loss) Per Share

The following table provides a reconciliation of the denominators of the Company’s reported basic and diluted income(loss) per share computations for the periods ended:

	Three Months Ended March 31,
	2012	2011
Weighted average number of common and common equivalent shares outstanding – basic	8,562,633	8,360,383
Add:  Net additional common shares upon assumed exercise of common stock options	2,854	—
Adjusted weighted average number of common and common equivalents shares outstanding – diluted	8,565,487	8,360,383

For the three months ended March 31, 2011, 574,914 shares, issuable relative to stock options were excluded from the calculation of diluted shares because their inclusion would have been anti-dilutive due to the Company’s net loss position.

In addition, for the three months ended March 31, 2012 and 2011, 740,482 and 537,447 shares, respectively, of common stock issuable relative to stock options were excluded from the calculation of diluted shares because their inclusion would have been anti-dilutive, due to their exercise prices exceeding the average market price of the stock for the period.