Earnings (loss) per share

Numerator:

Net income (loss)

$

6,100

$

(9,695

)

$

(3,171

)

Denominator:

Denominator for basic income per share - weighted average shares

8,657,989

8,733,215

8,784,759

Effect of dilutive securities*

33,553

-

Denominator for diluted income per share — weighted average shares and assumed conversions

8,691,542

8,733,215

8,784,759

Basic income (loss) per share

$

0.70

$

(1.11

)

$

(0.36

)

Diluted income (loss) per share

$

0.70

$

(1.11

)

$

(0.36

)