Earnings (loss) Loss per Share

6 Months Ended

Jun. 30, 2011

Loss per Share

Loss per Share

8. Earnings (Loss) per Share

As the Company has no dilutive securities, there is no difference between basic and diluted earnings per share.   The following table sets forth the computation of basic income and loss per share (in thousands, except for per share data):

	Three months ended June 30				Six months ended June 30
	2011		2010		2011			2010
Numerator:
Net income (loss)	$	800	$	657	$	(1,154	)	$	(535	)
Denominator:
Weighted average number of shares outstanding		3,698		3,698		3,698			3,698
Net income (loss) per share of common stock	$	0.22	$	0.18	$	(0.31	)	$	(0.14	)