12. Computation of Net Loss Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Text Block]

12. Computation of Net Loss Per Share

Basic net loss per share is based upon the weighted average number of common shares outstanding.  Diluted net loss per share is based on the assumption that all potential common stock equivalents (convertible preferred stock, convertible debentures, stock options, and warrants) are converted or exercised.  The calculation of diluted net loss per share excludes potential common stock equivalents if the effect is anti-dilutive.  The Company's weighted average common shares outstanding for basic and dilutive are the same because the effect of the potential common stock equivalents is anti-dilutive.  The Company has the following dilutive common stock equivalents for the three and nine months ended September 30, 2011 and 2010, which were excluded from the net loss per share calculation because their effect is anti-dilutive.

	Three months ended September 30,				Nine months ended September 30,
	2011		2010		2011		2010
Stock Options		1,086,297		135,347		1,086,297		135,347
Warrants		36,661		36,661		36,661		36,661
Total		1,122,958		172,008		1,122,958		172,008