Earnings Per Share

6 Months Ended

Jul. 31, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE D — EARNINGS PER SHARE

The two-class method is used to calculate basic and diluted earnings (loss) per share (“EPS”) as unvested restricted stock awards are considered participating securities because they entitle holders to non-forfeitable rights to dividends or dividend equivalents during the vesting term. Under the two-class method, basic earnings (loss) per common share is computed by dividing the net earnings (loss) allocated to common stock holders by the weighted average number of common shares outstanding. In determining the amount of net earnings (loss) to allocate to common holders, earnings are allocated to both common shares and participating securities based on their respective weighted-average shares outstanding for the period. Diluted net earnings (loss) per common share reflects the potential dilution that could occur if stock options, stock purchase plan commitments, and restricted stock were exercised into common stock, under certain circumstances, that then would share in the earnings of Streamline Health. The dilutive effect is calculated using the treasury stock method. A reconciliation of basic and diluted weighted average shares for basic and diluted EPS, as well as anti-dilutive securities is as follows:

	Three Months Ended,
	July 31, 2011			July 31, 2010
Numerator for Basic and Diluted Loss per Share:
Net loss		(6,943	)		(75,939	)
Denominator for basic loss per share weighted average shares		9,817,370			9,506,904
Effect of dilutive securities (1)
Stock options		—			—
Restricted stock		—			—
Denominator for basic loss per share, with assumed conversions		9,817,370			9,506,904
Basic net loss per common share		(0.00	)		(0.01	)
Diluted net loss per common share		(0.00	)		(0.01	)
Anti-dilutive securities:
Stock options, out-of-the-money		1,272,467			847,000

	Six Months Ended,
	July 31, 2011			July 31, 2010
Numerator for Basic and Diluted Loss per Share:
Net loss		(287,714	)		(1,252,324	)
Denominator for basic loss per share weighted average shares		9,847,348			9,460,911
Effect of dilutive securities (1)
Stock options		—			—
Restricted stock		—			—
Denominator for basic loss per share, with assumed conversions		9,847,348			9,460,911
Basic net loss per common share		(0.03	)		(0.13	)
Diluted net loss per common share		(0.03	)		(0.13	)
Anti-dilutive securities:
Stock options, out-of-the-money		1,282,467			847,000

(1) Excluded common stock equivalents (stock options and restricted stock), as the inclusion thereof would be antidilutive.