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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended
September 30,
 
 
2012
 
2011
 
2012
 
2011
 
NUMERATOR:
 
 
 
 
 

 
 

 
Net income/(loss)
$
121

 
$
14

 
$
(372
)
 
$
(1,824
)
 
Less: income/(loss) from discontinued operations

 
119

 
(9
)
 
525

 
Net income/(loss) from continuing operations
$
121

 
$
(105
)
 
$
(363
)
 
$
(2,349
)
 
DENOMINATOR:
 
 
 
 
 

 
 

 
Basic weighted average common shares outstanding
10,692

 
10,668

 
10,687

 
10,667

 
Diluted weighted average common shares outstanding
10,692

 
10,668

 
10,687

 
10,667

 
Basic and diluted income/(loss) per share from continuing operations
$
0.01

 
$
(0.01
)
 
$
(0.03
)
 
$
(0.22
)
 
 
The following table shows the common stock equivalents that were outstanding as of September 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 September 30, 2012
513,000

 
$1.31 – $7.50
As of September 30, 2011
526,000

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

 
 
As of September 30, 2012
8,000

 
$4.31
As of September 30, 2011
8,000

 
$4.31