Note 4 –Earnings per Share

Basic earnings per common share are computed by dividing net income (loss) attributable to common shareholders by the weighted average number of shares of stock outstanding.

The Company's diluted earnings per common share give effect to all potential shares of Common Stock outstanding during a period that are not anti-dilutive. In computing the diluted earnings per share, the treasury stock and if converted methods are used in determining the number of shares assumed to be purchased from the conversion of Common Stock equivalents. The following summarizes the share included in the dilutive shares as disclosed on the face of the consolidated condensed statements of operations:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Weighted average number of shares for calculation of basic EPS – Common Stock		22,753,184		21,713,337		22,350,772		21,622,971
Impact of stock options outstanding under the 1993, 1997, 2006 and 2011 Stock Option Plans		—		774,786		—		731,707

Weighted average number of shares for calculation of diluted EPS		22,753,184		22,488,123		22,350,772		22,354,678

The accompanying table represents Common Stock issuable upon the exercise of certain stock options, the Series C Convertible Preferred Stock and potential dividends paid in common stock that have been excluded from the diluted shares calculation because the effect of their inclusion would be anti-dilutive.


	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Stock options outstanding under the 1993, 1997, 2006 and 2011 Stock Option Plans		2,826,933		147,950		2,826,933		441,814
Series C Convertible Preferred Stock		4,284,384		—		4,284,384		—

		7,111,317		147,950		7,111,317		441,814