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Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
EARNINGS (LOSS) PER SHARE

Summarized basic and diluted earnings (loss) per common share were calculated as follows:

 
 
Net Earnings (Loss)
 
Shares
 
Per Share
Year ended December 31, 2012
 
 
 
 
 
 
Basic loss per common share
 
$
(361,436
)
 
22,228,834

 
$(0.02)
Effect of dilutive stock options
 
—

 
—

 
 
Diluted loss per common share
 
$
(361,436
)
 
22,228,834

 
$(0.02)
 
 
 
 
 
 
 
Year ended December 31, 2011
 
 

 
 

 
 
Basic loss per common share
 
$
(71,494
)
 
22,228,834

 
$(0.00)
Effect of dilutive stock options
 
—

 
—

 
 
Diluted loss per common share
 
$
(71,494
)
 
22,228,834

 
$(0.00)
 
 
 
 
 
 
 
Year ended December 31, 2010
 
 

 
 

 
 
Basic earnings per common share
 
$
557,746

 
21,998,659

 
$0.03
Effect of dilutive stock options
 
—

 
437,038

 
 
Diluted earnings per common share
 
$
557,746

 
22,435,697

 
$0.02


For 2012, 2011 and 2010, the number of stock options that were outstanding but not included in the computation of diluted earnings (loss) per common share because their exercise price was greater than the average market price of the common stock or were otherwise anti-dilutive, was approximately 1,026,000, 1,191,000 and 826,000, respectively.