Note 7 - Basic and Diluted Net Income (Loss) Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

7. Basic and Diluted Net Income (Loss) Per Common Share

The following table provides a reconciliation of both net income and the number of shares used in the computation of “basic” earnings per common share (“EPS”), which utilizes the weighted average number of common shares outstanding without regard to potential shares, and “diluted” EPS, which includes all such dilutive shares for the three months ended March 31, 2012 and 2011.

	For the Three Months Ended March 31,
	2012		2011
Net income(loss) (Numerator)	$	70,000	$	(112,000	)
Shares (Denominator):
Basic weighted average common shares outstanding		22,988,087		22,434,655
Add: Dilutive effect of outstanding common stock options		-		-
Diluted weighted average common shares outstanding		22,988,087		22,434,655
Net income (loss) per common share:
Basic	$	0.00	$	(0.00	)
Diluted	$	0.00	$	(0.00	)