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Earnings Per Share
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 9  EARNINGS PER SHARE:

 

Basic earnings per share computations are based on the weighted average number of shares outstanding during each year.  Dilutive earnings per share reflect the additional common shares that would have been outstanding if dilutive potential common shares had been issued.  Potential common shares that may be issued relate to outstanding options and common stock warrants are determined by the Treasury method.  For the three months ended March 31, 2014 and 2013, potential common shares of 2,638,666 and 2,710,783, respectively, were anti-dilutive and were not included in the calculation.  Basic and diluted net income (loss) per common share calculations follows:

 

 

 

 

 

 

 

 

 

 

 

 

(Amounts in Thousands, Except

 

For the three months

Share and Per Share Data)

 

ended March 31,

 

 

2014

 

2013

Net income (loss)

$

(72)

$

147 

Weighted average shares outstanding

 

21,872,293 

 

21,868,458 

Dilutive shares for stock options and warrants

 

-

 

-

Weighted average dilutive shares outstanding

 

21,872,293 

 

21,868,458 

 

 

 

 

 

Basic income (loss) per share

$

0.00 

$

0.01 

Diluted income (loss) per share

$

0.00 

$

0.01