Net Loss Per Share

6 Months Ended

Jun. 30, 2012

Net Loss Per Share

Net Loss Per Share

9.Net Loss Per Share

Basic net loss per common share has been computed by dividing net loss by the weighted-average number of common shares outstanding during the year.  Diluted net loss per common share has been computed by dividing net loss by the weighted-average number of common shares outstanding without an assumed increase in common shares outstanding for common stock equivalents, as common stock equivalents are antidilutive for each of the three- and six-periods ended June 30, 2012 and 2011. Options for 22,512 shares of common stock were excluded from diluted net loss per common share because they would be antidilutive for the three- and six-month periods ended June 30, 2012. For the three- and six-month periods ended June 30, 2011, none of the Company’s outstanding options and none of the warrants were included in the calculation of diluted earnings per share as the exercise prices were all above the average market price of the Company’s common stock for the period.