Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Note 3. Earnings Per Share

Basic earnings (loss) per share includes no dilution and is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings (loss) per share, reflects the potential dilution of securities that could share in the earnings of the entity. For periods where the Company has incurred a net loss, stock options were not included in the computation of diluted loss per share because their effect was anti-dilutive, therefore, basic and fully diluted loss per share are the same for those periods.

The following table represents a reconciliation of the shares used to calculate basic and diluted earnings (loss) per share for the respective periods indicated (in thousands, except per share amounts):

	For the Three Months Ended June 30,
	2011								2010
	Net Loss Attributed to Common Stock			Weighted Average Shares		Per Share Loss			Net Loss Attributed to Common Stock			Weighted Average Shares		Per Share Loss
Basic EPS:
Net Loss	$	(134	)		3,091	$	(.04	)	$	(204	)		3,091	$	(.07	)
Effect of Dilutive Securities
Employee stock options		-			-		-			-			-		-
Diluted loss per share	$	(134	)		3,091	$	(.04	)	$	(204	)		3,091	$	(.07	)

	For the Six Months Ended June 30,
	2011								2010
	Net Loss Attributed to Common Stock			Weighted Average Shares		Per Share Loss			Net Loss Attributed to Common Stock			Weighted Average Shares		Per Share Loss
Basic EPS:
Net Loss	$	(247	)		3,091	$	(.08	)	$	(469	)		3,091	$	(.15	)
Effect of Dilutive Securities
Employee stock options		-			-		-			-			-		-
Diluted loss per share	$	(247	)		3,091	$	(.08	)	$	(469	)		3,091	$	(.15	)