XML 33 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2012
Summary of Significant Accounting Policies [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following table illustrates the computation of basic and diluted income/(loss) per share from continuing operations (in thousands, except per share amounts):
 
 
Three Months Ended June 30,
 
Six Months Ended
June 30,
 
 
2012
 
2011
 
2012
 
2011
 
NUMERATOR:
 
 
 
 
 

 
 

 
Net income/(loss)
$
378

 
$
(879
)
 
$
(493
)
 
$
(1,838
)
 
Less: income/(loss) from discontinued operations

 
347

 
(9
)
 
406

 
Net income/(loss) from continuing operations
$
378

 
$
(1,226
)
 
$
(484
)
 
$
(2,244
)
 
DENOMINATOR:
 
 
 
 
 

 
 

 
Basic weighted average common shares outstanding
10,683

 
10,667

 
10,683

 
10,667

 
Diluted weighted average common shares outstanding
10,683

 
10,667

 
10,683

 
10,667

 
Basic and diluted income/(loss) per share from continuing operations
$
0.04

 
$
(0.11
)
 
$
(0.05
)
 
$
(0.21
)
 
 
The following table shows the common stock equivalents that were outstanding as of June 30, 2012 and 2011, respectively, but were not included in the computation of diluted earnings per share because the options’ or warrants’ exercise price was greater than the average market price of the common shares, and therefore, the effect would have been anti-dilutive:
 
 
Number of
Shares
 
Range of
Exercise Price
Per Share
Anti-dilutive common stock options:
 

 
 
As of June 30, 2012
513,000

 
$1.31 – $7.50
As of June 30, 2011
586,000

 
$1.31 – $7.50
Anti-dilutive common stock warrants:
 

 
 
As of June 30, 2012
8,000

 
$4.31
As of June 30, 2011
8,000

 
$4.31