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Calculation of Basic and Diluted Earnings per Share (Tables)
 3 Months Ended
Mar. 31, 2014
Calculation of Basic and Diluted Earnings per Share (Tables)  
Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:

(in thousands, except per share amounts)

Three Months Ended March 31,

2014

 

2013

Numerator:

Net Income (Loss)

 $

707 

 $

(75)

Numerator for basic earnings per share - income (loss) available to common shareholders

707 

(75)

Effect of dilutive securities:

- 

- 

Numerator for diluted earnings per share - income (loss) available to common shareholders after assumed conversions

 $

707 

 $

(75)

Denominator:

Denominator for basic earnings per share - weighted-average shares

3,014 

2,987 

Effect of dilutive securities:

Employee stock options

5 

- 

Warrants

394 

- 

Dilutive potential common shares

399 

- 

Denominator for diluted earnings per share - weighted-average shares and assumed conversions

3,413 

2,987 

Basic earnings per common share

 $

0.23 

 $

(0.03)

Diluted earnings per common share

 $

0.21 

 $

(0.03)