Loss Per Common Share From Continuing Operations

12 Months Ended

Dec. 31, 2011

Loss Per Common Share From Continuing Operations [Abstract]

LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS

NOTE L — LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS

Under the going concern basis of accounting, basic loss per share from continuing operations excludes potential common shares and is computed by dividing net loss by the weighted average number of common shares outstanding for the period. The computation of diluted loss per share from continuing operations excludes the effects of stock options, warrants, restricted stock (unvested stock awards) and convertible debentures, if such effect is anti-dilutive. The table below shows the calculation of basic and diluted loss per share from continuing operations for the nine months ended September 30, 2010:

		September 30,
	Nine Months Ended, September 30, 2010
Loss:
Net loss from continuing operations	$	(8,807	)
Effect of dilutive potential common shares		—
Diluted net loss from continuing operations	$	(8,807	)
Number of shares:
Weighted-average shares outstanding		8,175,580
Basic and diluted net loss per share from continuing operations	$	(1.08	)

For the nine months ended September 30, 2010, the Company excluded stock options from the calculation of loss per share since their effect would be anti-dilutive.