Income (loss) Per Share

9 Months Ended

Sep. 30, 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 September 30,		Nine Months Ended September 30,
	2012	2011	2012	2011
Weighted average number of common and common equivalent shares outstanding – basic	8,562,633	8,362,633	8,562,633	8,361,891
Add:  Net additional common shares upon assumed exercise of common stock options	—	—	—	—
Adjusted weighted average number of common and common equivalents shares outstanding – diluted	8,562,633	8,362,633	8,562,633	8,361,891

For the three and nine months ended September 30, 2012, 220 and 1,335 shares of common stock, respectively, and for the nine months ended September 30, 2011, 660 shares 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 the Company’s net loss position.

In addition, for the three and nine months ended September 30, 2012, 629,446 and 619,446 shares of common stock, respectively, and for the three and nine months ended September 30, 2011, 783,107 and 773,107 shares of common stock, respectively, 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.