Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2012

Net Income (Loss) Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

NOTE 8—NET INCOME (LOSS) PER SHARE

Basic net income (loss) per common share has been computed using the weighted-average number of shares of common stock outstanding during the period. Diluted income (loss) per share is computed using the weighted-average number of common shares and common stock equivalents outstanding. Common stock equivalents totaling 400,337 and 1,004,577, for the three months ended June 30, 2012 and 2011, respectively, and common stock equivalents totaling 253,599 for the six months ended June 30, 2012 were excluded from the calculation of diluted earnings per share because of a decline in the average market price of the common stock below the exercise price. As a result of the Company’s net losses, all common stock equivalents aggregating 1,180,908 for the six months ended June 30, 2011 were excluded from the calculation of diluted loss per share given their anti-dilutive effect.