Loss Per Common Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 12 – Loss Per Common Share

Basic loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding for the period.  Diluted loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding, adjusted for shares that would be assumed outstanding after warrants and stock options vested under the treasury stock method.  At June 30, 2014 and 2013, there were outstanding warrants convertible into 245,800 and 440,400 shares of Common Stock, respectively, which were excluded from the calculation of diluted loss per share because their impact would have been anti-dilutive.  At both June 30, 2014 and 2013, there were outstanding stock options to purchase 60 shares of Common Stock, which were excluded from the calculation of diluted loss per share because their impact would have been anti-dilutive.