PER SHARE RESULTS

9 Months Ended

Sep. 30, 2011

NOTE C - PER SHARE RESULTS

Basic earnings per share represents income (loss) available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per share reflect additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance. Potential common shares that may be issued by the Company relate to outstanding stock options, restricted stock and the common stock warrant issued to the US Treasury and are determined using the treasury stock method.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2011		2010		2011		2010
Weighted average number of shares used in computing basic net income per share		9,587,324		9,581,390		9,585,056		9,579,041
Effect of dilutive stock options		-		-		-		-
Weighted average number of shares used in computing diluted net income per share		9,587,324		9,581,390		9,585,056		9,579,041

For the three-month period ended September 30, 2011, there were 281,667 options and the warrant for 833,705 shares that were anti-dilutive due to the net loss. For the three-month period ended September 30, 2010 there were 296,611 options and the warrant for 833,705 shares that were anti-dilutive due to the net loss. For the nine-month period ended September 30, 2011 there were 281,667 options and the warrant for 833,705 shares that were anti-dilutive due to the net loss. For the nine-month period ended September 30, 2010 there were 296,611 options and the warrant for 833,705 shares that were anti-dilutive due to the net loss.