Note 2. Basic Net Loss per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Text Block]

Note 2.  Basic Net Loss per Share

Basic net loss per share has been computed using the weighted average number of common shares outstanding each period, which were 3,803,331.  Although there are common equivalent shares outstanding, no diluted per share amounts are reported because Avalon was in a net loss position for the first quarter ended March 31, 2012 and 2011.  As a result, such dilution would be considered anti-dilutive. Therefore, diluted per share amounts are equal to basic per share amounts for the three ended months March 31, 2012 and 2011. The weighted average number of common shares outstanding assuming dilution for the three ended months March 31, 2012 and 2011 was 4,032,229 and 3,901,942, respectively.