Note 12 - Earnings (Loss) per Common Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 12—Earnings (Loss) per Common Share

The Company computes and presents net earnings (loss) per share using the treasury stock method. Net earnings (loss) per common share, or basic loss per share, is computed by dividing net earnings (loss) by the weighted average number of the Company’s common shares outstanding. Net earnings (loss) per common share assuming dilutions, or diluted earnings (loss) per share is computed by reflecting the potential dilution from the exercise of in-the-money stock options, unvested restricted stock, warrants and convertible preferred stock.

At September 30, 2013 and 2012 all potentially dilutive securities, in-the-money stock options unvested restricted stock, warrants and convertible preferred stock, were excluded from the computation of diluted earnings (loss) per share as their effect would have been anti-dilutive, since the Company reported a net loss for these periods.

The following table summarizes the number of dilutive securities, which may dilute future earnings per share, outstanding as of the dates presented, but not included in the calculation of diluted loss per share:

	September 30,		September 30,
	2013		2012
Stock options		8,997,696		9,651,657
Unvested Restricted Stock Awards		1,365,500		-
Warrants		3,052,953		4,200,000
Convertible preferred stock		1,479,949		1,479,949
Totals		14,896,098		15,331,606