Loss Per Share

6 Months Ended

Jun. 30, 2012

Loss Per Share [Abstract]

LOSS PER SHARE

3. LOSS PER SHARE

Basic loss per share has been computed by dividing the net loss applicable to the Company’s common shareholders by the weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by including the dilutive effect of common stock that would be issued assuming exercise of the outstanding stock options and stock purchase warrants. Shares underlying all outstanding options and warrants are excluded from the computation of diluted loss per share for each of the three and six months ended June 30, 2012 and 2011 because the effect would have been anti-dilutive.