16. Per Share Data

12 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Per Share Data

16.  Loss Per Share:

The following is a summary of the calculations used in computing basic and diluted loss per share:

	2012			2011
Numerator:
Net Loss	$	(6,246,000	)	$	(5,483,000	)
Preferred Dividends		(640,000	)		(640,000	)
Loss Available to Common Shareholders	$	(6,886,000	)	$	(6,123,000	)
Denominator:
BASIC
Weighted average amount of shares outstanding		5,317,758			5,317,758
DILUTED
Weighted average amount of shares outstanding		5,317,758			5,317,758
Dilutive effect of assumed conversion of Preferred Stock		-			-
Dilutive common shares		5,317,758			5,317,758
Loss per share
Basic	$	(1.29	)	$	(1.15	)
Diluted		(1.29	)		(1.15	)