Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2011

Earnings (Loss) per Share [Abstract]

Earnings (Loss) per Share

Note 9. Earnings (Loss) per Share

In accordance with FASB ASC 260, Earnings per Share, basic earnings (loss) per common share is computed using net earnings (loss) divided by the weighted average number of common shares outstanding for the periods presented. The computation of diluted earnings per common share involves the assumption that outstanding common shares are increased by shares issuable upon exercise of those stock options and warrants for which the market price exceeds the exercise price. The number of shares issuable upon the exercise of such stock options and warrants is decreased by shares that could have been purchased by the Company with related proceeds. Because the exercise prices for the stock options and warrants exceeded the average market price during the three months ended September 30, 2011, common stock equivalents, consisting of stock options and warrants, were anti-dilutive. Because the Company reported a net loss for the nine months ended September 30, 2011 and for the three months and nine months ended September 30, 2010, common stock equivalents, consisting of stock options and warrants, were anti-dilutive.