Net Income (Loss) Per Share

9 Months Ended

Sep. 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 361,507 and 285,786 for the three and nine months ended September 30, 2012, respectively, 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. As a result of the Company’s net losses, all common stock equivalents aggregating 1,049,092 for the nine months ended September 30, 2011 were excluded from the calculation of diluted loss per share given their anti-dilutive effect.