12. Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2012

Earnings (Loss) Per Share

12. Net Income (Loss) Per Share

Note 12. Earnings per Share:

Basic earnings per share (EPS) were computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversion of potentially dilutive options that were outstanding during the period. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for net income.

	2012		2011
Numerator:
Numerator for basic and diluted earnings per share, net income available to common shareholders	$	1,275,218	$	351,848
Denominator:
Denominator for basic earnings per share, weighted average shares outstanding		133,050,998		131,988,462
Effect of dilutive securities-stock options and restricted awards		3,911,236		3,946,625
Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversion		136,962,234		135,935,087
Basic earnings per common share	$	0.01	$	0.00
Diluted earnings per common share and common share equivalent	$	0.01	$	0.00

Options to purchase shares of common stock that were outstanding at December 31, 2012 and 2011 that were not included in the computation of diluted earnings per share because the effect would have been antidilutive, are as follows:

	2012		2011
Anti-dilutive options		1,335,000		1,349,500