EX-11.0 2 ex11.htm EXHIBIT 11 ex11.htm
Exhibit 11.0

COMPUTATION OF EARNINGS PER SHARE

   
Three months ended
   
Three months ended
   
Nine months ended
   
Nine months ended
 
   
September 30, 2011
   
September 30, 2010
   
September 30, 2011
   
September 30, 2010
 
                         
(Loss) income available to common stockholders
  $ (19,691 )   $ 249,760     $ (780,485 )   $ 535,638  
                                 
Weighted average shares outstanding
    2,672,772       2,667,504       2,671,459       2,666,200  
                                 
Basic (loss) earnings per share
  $ (0.01 )   $ 0.09     $ (0.29 )   $ 0.20  
                                 
(Loss) income for diluted earnings per share
  $ (19,691 )   $ 249,760     $ (780,485 )   $ 535,638  
                                 
Total weighted average common shares
                               
  and equivalents outstanding for
                               
  diluted computation
    2,672,772       2,667,504       2,671,459       2,666,200  
                                 
Diluted (loss) earnings per share
  $ (0.007 )   $ 0.05     $ (0.30 )   $ 0.20