3. Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2013

Net Income Loss Per Common Share

Basic and diluted net income (loss) per common share

The following table sets forth the computation of basic and diluted net income (loss) per common share:

	Three Months Ended March 31,
	2013			2012
Net income (loss) (in thousands)	$	(398	)	$	197
Weighted-average share reconciliation:
Weighted-average shares outstanding		10,669,513			10,537,066
Weighted-average restricted shares held in escrow		-			(7,000	)
Weighted-average basic shares outstanding		10,669,513			10,530,066
Dilutive employee stock options		-			29,207
Dilutive restricted shares held in escrow		-			7,000
Diluted shares outstanding		10,669,513			10,566,273
Net income (loss) per common share:
Basic	$	(0.04	)	$	0.02
Diluted	$	(0.04	)	$	0.02

Common stock not included in the computation of diluted income (loss) per share

The following table includes the number of common stock equivalent shares that are not included in the computation of diluted income (loss) per share.

	Three Months ended March 31,
	2013		2012
Total outstanding stock options		2,285,620		1,051,321