Earnings Per Share

6 Months Ended

Jun. 30, 2015

NOTE 9 EARNINGS PER SHARE:

Basic earnings per share computations are based on the weighted average number of shares outstanding during each period. 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 and six months ended June 30, 2015 and 2014, potential common shares of 1,539,877 and 2,638,666, 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 Share and Per Share Data)		For the three months ended June 30,				For the six months ended June 30,
		2015		2014		2015		2014
Net income (loss)	$	462	$	(157)	$	1,084	$	(229)
Weighted average shares outstanding		22,878,654		21,872,293		22,878,654		21,872,293
Dilutive shares for stock options and warrants		-		-		-		-
Weighted average dilutive shares outstanding		22,878,654		21,872,293		22,878,654		21,872,293

Basic income per share	$	0.02	$	(0.01)	$	0.05	$	(0.01)
Diluted income per share	$	0.02	$	(0.01)	$	0.05	$	(0.01)