Note 7- Net Loss Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Text Block]

NOTE 7 – NET LOSS PER COMMON SHARE

 Basic earnings per share (EPS) is computed by dividing the net loss, after deduction for preferred dividends either accrued or imputed, if any, by the weighted-average common shares outstanding.  Options, deferred stock units, warrants and convertible debt were not considered in the computation of diluted EPS because their inclusion would have been antidilutive.  Had these instruments been included, the fully diluted weighted average shares outstanding would have increased by approximately 2,653,000 and 2,396,000 for the three months ended June 30, 2011 and 2010, respectively, and 2,601,000 and 2,376,000 for the six months ended June 30, 2011 and 2010, respectively.