Earnings/ (Loss) Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Earnings/ (Loss) Per Share

NOTE 13 - EARNINGS/(LOSS) PER SHARE

Basic earnings/(loss) per share is computed by dividing net income/(loss) by the weighted average common shares outstanding during a period. Diluted income/(loss) per share is based on the treasury stock method and includes the dilutive effect of stock options outstanding during the period. Common share equivalents have been excluded where their inclusion would be anti-dilutive. There are 50,000 stock options in issue at the year-end that are at a lower option price than the market value but the average stock option price of options outstanding at the year- end exceeds the market value. The dilutive impact of the 50,000 stock options that have an exercise price that is below the current market value would not be material.

	2014		2013
NUMERATOR:
Net income/(loss)	$	877	$	(392	)
DENOMINATOR:
Basic weighted average common shares outstanding		10,740		10,703
Effect of dilutive securities:
Dilutive stock options and warrants		-		-
Diluted weighted average common shares outstanding		10,740		10,703
Basic and diluted earnings/(loss) per share		0.08		(0.04	)

The following table shows the common stock equivalents that were outstanding as of December 31, 2014 and 2013, but were not included in the computation of diluted earnings per share because their impact would have been anti-dilutive and as a result of the loss incurred by the Company in 2013:

	Number of Shares		Range of Exercise Price Per Share
Anti-dilutive common stock options:
As of December 31, 2014		309,342	$	0.55 - 7.50
As of December 31, 2013		351,000	$	0.55 - 7.50