(in thousands, except per share amounts)

Three Months

Ended March 31,

2015

2014

Numerator:

Net Income (Loss)

$

(190

)

$

707

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

(190

)

707

Effect of dilutive securities:

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

$

(190

)

$

707

Denominator:

Denominator for basic earnings (loss) per share - weighted-average shares

3,014

Effect of dilutive securities:

Employee stock options

-

5

Warrants

-

394

Dilutive potential common shares

-

399

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

3,014

3,413

Basic earnings (loss) per common share

$

(0.06

)

$

0.23

Diluted earnings (loss) per common share

$

(0.06

)

$

0.21