Income (loss) Per Share

3 Months Ended

Mar. 31, 2013

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,
	2013	2012
Weighted average number of common and common equivalent shares outstanding – basic	9,080,385	8,562,633
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	9,080,385	8,565,487

For the three months ended March 31, 2013, 4,610 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 months ended March 31, 2013, 642,446 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 and their exercise prices exceeding the average market price of the stock for the period. For the three months ended March 31, 2012, 740,482 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 their exercise prices exceeding the average market price of the stock for the period.