EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

EARNINGS (LOSS) PER SHARE [Abstract]

Basic and diluted earnings per share calculations

The basic and diluted earnings per share (“EPS”) calculations are as follows:

	For the Years Ended December 31,
	2014		2013
	(Amounts in Thousands,
	except per share amounts)
Income (loss) from continuing operations	$	2,485	$	(1,575	)
Discontinued operations		-		73
Net income (loss)	$	2,485	$	(1,502	)
Average common shares outstanding - Basic		7,951		7,951
Dilutive effect of convertible preferred stock		18,859		7,951
Average common shares outstanding - Diluted		26,810		7,951
Per share amount - Basic:
Continuing operations	$	0.31	$	(0.20	)
Discontinued operations		-		0.01
Net income (loss)	$	0.31	$	(0.19	)
Per share amount - Diluted:
Continuing operations	$	0.09	$	(0.20	)
Discontinued operations		-		0.01
Net income (loss)	$	0.09	$	(0.19	)