Earnings (Loss) Per Share (EPS)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings (Loss) Per Share (EPS)

3. Earnings (Loss) Per Share

Following is the computation of basic and diluted net income (loss) per share for the three and nine month periods ended September 30, 2012 and 2011:

	Three Months Ended September 30				Nine Months Ended September 30
	2012		2011		2012		2011
Basic weighted average shares outstanding		63,075,122		63,075,122		63,075,122		63,075,122
Effect of dilutive securities - warrants		-		1,426,251		-		1,390,681
Diluted weighted average shares outstanding		63,075,122		64,501,373		63,075,122		64,465,803

Potentially dilutive shares of common stock for the three and nine month periods ended September 30, 2011, consisted of 12,900,000 shares of common stock issuable under warrants (none for the three and nine month periods ended September 30, 2012).