EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2012

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

5. EARNINGS (LOSS) PER SHARE

The Company computes basic EPS based solely on the weighted average number of common shares outstanding during the period in accordance with authoritative guidance issued by the FASB. Diluted EPS reflects all potential dilution of common stock. For the nine months ended September 30, 2011, no shares attributable to outstanding options were excluded from the calculation of diluted EPS because the effect was antidilutive. During the nine months ended September 30, 2012, there were no options outstanding.