NOTE 9 - EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 30, 2015

Earnings Per Share [Abstract]

NOTE 9 - EARNINGS (LOSS) PER SHARE

Basic earnings per share is calculated based on the weighted average number of common shares outstanding during each period.  Diluted earnings per share is calculated based on these same weighted average shares outstanding plus the effect of potential shares issuable upon assumed exercise of stock options based on the treasury stock method.  Potential shares issuable upon the exercise of stock options are excluded from the calculation of diluted earnings per share to the extent their effect would be anti-dilutive.

The following table sets forth the computation of basic and diluted earnings per share:

	Three Months Ended		Six Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
(in thousands except per share data)
Numerator for basic and diluted
earnings per share:
Net income	$100	$447	$149	$104
Denominator for basic
earnings per share:
weighted-average shares	7,894	7,814	7,879	7,801
Employee stock options and awards	184	85	183	91
Denominator for diluted
earnings per share:
adjusted weighted-average shares &
assumed conversions of stock options	8,078	7,899	8,062	7,892
Basic and diluted
earnings per share:
Total basic earnings per share	$0.01	$0.06	$0.02	$0.01
Total diluted earnings per share	$0.01	$0.06	$0.02	$0.01

Options to purchase 165,843 and 557,435 shares were outstanding as of June 30, 2015 and 2014, respectively, but were excluded from the computation of diluted earnings per share for the periods then ended because the options were anti-dilutive.