NET LOSS PER COMMON SHARE

12 Months Ended

Dec. 31, 2013

NET LOSS PER COMMON SHARE [Abstract]

NET LOSS PER COMMON SHARE

18. NET LOSS PER COMMON SHARE: Thefollowing table sets forth the computation of basic and diluted net loss per common share:  

Year Ended December 31,	2013		2012
Denominator:
Denominator for basic net loss per share –   weighted-average common shares		4,453,000		4,591,000
Effect of dilutive securities:
Employee and director stock options		-		-
Denominator for diluted net loss per share - weighted-average common shares and assumed conversions		4,453,000		4,591,000

The numerator for basic and diluted net loss per share for the years ended December 31, 2013 and 2012 is the net loss for each year.

Stock options to purchase 114,000 and 178,000 shares of common stock were outstanding at  December 31, 2013 and 2012, respectively, but were not included in the computation of diluted loss per share because inclusion of these options would have been anti-dilutive as the Company incurred net losses during the relevant periods.

Approximately 139,000 and 18,000 shares of restricted common stock were outstanding during the years ended December 31, 2013 and 2012, respectively, but were not included in the computation of basic loss per share. These shares were excluded because they represent the unvested portion of restricted stock awards.