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NET (LOSS) INCOME PER COMMON SHARE
 6 Months Ended
Jun. 30, 2013
NET (LOSS) INCOME PER COMMON SHARE [Abstract]  
NET (LOSS) INCOME PER COMMON SHARE
10.NET (LOSS) INCOME PER COMMON SHARE

Basic net (loss) income per common share is computed by dividing net (loss) income by the weighted average number of common shares outstanding during the periods. Fully diluted net (loss) income per common share is computed using the weighted average number of common and dilutive common equivalent shares outstanding during the periods. Common equivalent shares consist of stock options that are computed using the treasury stock method. Antidilutive stock awards are comprised of stock options and unvested restricted shares which would have been antidilutive in the application of the treasury stock method in accordance with “Earnings Per Share” topic of the Financial Accounting Standard Board Accounting Standards Codification.
The following table reconciles the differences between the basic and fully diluted earnings per share presentations:

 
 
Three Months Ended June 30,
  
Six Months Ended June 30,
 
 
 
2013
  
2012
  
2013
  
2012
 
Numerator:
 
  
  
  
 
Net (loss) income
 
$
(491,585
)
 
$
548,572
  
$
(185,312
)
 
$
172,726
 
 
                
Denominator:
                
Weighted average common shares outstanding:
                
Basic
  
19,812,397
   
19,564,451
   
19,736,068
   
19,517,481
 
Stock options
  
-
   
407,816
   
-
   
388,101
 
Fully diluted
  
19,812,397
   
19,972,267
   
19,736,068
   
19,905,582
 
 
                
Net (loss) income per common share:
                
Basic
 
$
(0.02
)
 
$
0.03
  
$
(0.01
)
 
$
0.01
 
Fully diluted
 
$
(0.02
)
 
$
0.03
  
$
(0.01
)
 
$
0.01
 

For the three months ended June 30, 2013 and 2012, stock options to purchase approximately 289,000 and 313,000 shares, respectively, were excluded from the computation of fully diluted net (loss) income per common share because the exercise price of the stock options was greater than the average market price of the common shares or the effect of inclusion of such amounts would be anti-dilutive to net (loss) income per common share. For the six months ended June 30, 2013 and 2012, stock options to purchase approximately 463,000 and 390,000 shares, respectively, were excluded from the computation of fully diluted net (loss) income per common share because the exercise price of the stock options was greater than the average market price of the common shares or the effect of inclusion of such amounts would be anti-dilutive to net (loss) income per common share.