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Loss Per Share
9 Months Ended
Sep. 30, 2011
Loss Per Share [Abstract] 
Loss Per Share

Note 6 – Loss Per Share

Net loss per weighted average common share outstanding—basic and diluted are computed based on the weighted average number of common shares outstanding for the period. As shown in the following table, the weighted average number of common shares outstanding for the nine months ended September 30, 2011 and September 30, 2010 were 405,096. Common share equivalents of 2,498,135 of September 30, 2011 and September 30, 2010 include outstanding Class A Convertible Preferred Shares, Class C Convertible Preferred Shares, warrants, and stock options, and are not included in net loss per weighted average Common Share outstanding – diluted as they would be anti-dilutive.

 

     For the nine months ended September 30,  
     2011     2010  

Numerator

    

Net loss attributable to Common Shareholders

   $ (7,667   $ (46,856
  

 

 

   

 

 

 

Denominator

    

Weighted average Common Shares outstanding at September 30, 2011 and September 30, 2010:

Basic and Diluted

     405,096        405,096   
  

 

 

   

 

 

 

Basic and Diluted EPS

    

Net loss from continuing operations

   $ (0.02   $ (0.12
  

 

 

   

 

 

 

Net loss attributable to Common Shareholders: Basic and Diluted

   $ (0.02   $ (0.12