Earnings or Loss Per Share

6 Months Ended

Jun. 30, 2011

Note 7 - Income or Loss Per Share

Earnings or loss per share is calculated by dividing net loss attributable to common stockholders by the weighted average number of shares of common shares outstanding during the period.  Diluted loss per share for the six and three months ended June 30, 2010 is the same as basic loss per share due to the net loss in each of the respective periods.  For the six and three months ended June 30, 2011 diluted earnings per share includes 500,000 and 469,000, respectively, shares of common stock associated with outstanding options and warrants, and 2,648,000 and 2,648,000, respectively, shares issuable upon conversion of our convertible preferred stock calculated using the treasury stock method.

For the six months ended June 30, 2010, the following potential shares of common stock that could have been issuable have been excluded from the calculation of diluted loss per share because the effects, as a result of our net loss, would be anti-dilutive (in thousands):

	June 30, 2010
Series A-2 Preferred Stock		4,075
Warrants		712
Options		1,354
Unvested restricted stock		543
		6,684