Basic and diluted loss per share

3 Months Ended

Mar. 31, 2012

Basic and diluted loss per share [Abstract]

Basic and diluted loss per share

Note 6.                      Basic and diluted loss per share

Basic and diluted income (loss) per share is computed using the treasury stock method for outstanding stock options and warrants.  For the three months ended March 31, 2012, the Company incurred a net loss.  Accordingly, no stock options or warrants have been included in the computation of diluted loss per share as the impact would be anti-dilutive.  For the three months ended March 31, 2011, 1,637,200 outstanding stock options and warrants have been excluded from the computation of diluted income per share because the exercise prices of the equivalents were higher than the average market price of the Company's common stock during that period and are anti-dilutive.