Weighted Average Number of Shares Outstanding and Earnings Per Share

9 Months Ended

Sep. 30, 2011

7.	Weighted Average Number of Shares Outstanding and Earnings Per Share

	The following shows the weighted average number of shares used in computing earnings per share and the effect on weighted average number of shares of potential diluted common stock. Potential diluted common stock had no effect on the three months and nine months ended September 30, 2011 and September 30, 2010 earnings per share.

	Three Months Ended				Three Months Ended
	September 30, 2011				September 30, 2010
	Average Shares	Per Share Amount			Average Shares	Per Share Amount
Basic earnings per share	3 390 178	$	(.53	)	3 390 178	$	.16
Effect of dilutive securities:
Stock options	- -				- -

Diluted earnings per share	3 390 178	$	(.53	)	3 390 178	$	.16

	Nine Months Ended				Nine Months Ended
	September 30, 2011				September 30, 2010
	Average Shares	Per Share Amount			Average Shares	Per Share Amount
Basic earnings per share	3 390 178	$	(.40	)	3 390 178	$	.41
Effect of dilutive securities:
Stock options	- -				- -

Diluted earnings per share	3 390 178	$	(.40	)	3 390 178	$	.41

For the three months and nine months ended September 30, 2011, stock options representing 120,974 average shares, and for the three months and nine months ended September 30, 2010, stock options representing 126,224 average shares were not included in the calculation of earnings per share as their effect would have been anti-dilutive.