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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2014
Earnings (Loss) Per Share

(5) EARNINGS (LOSS) PER SHARE

Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding and the number of dilutive potential common share equivalents during the period, calculated using the treasury-stock method.

The calculation of basic and diluted loss per share for the three months ended March 31, 2014 and 2013 is as follows:

 

 

Three months ended
March 31,

 

 

2014

 

  

2013

 

Basic:

 

 

 

Net loss applicable to common stockholders

$

(1,430

)

 

$

(304

)

Weighted average shares outstanding – basic

 

31,171,234

 

 

 

31,148,234

 

Net loss per share – basic

$

(0.05

)

 

$

(0.01

)

 

 

 

 

 

 

 

 

Diluted:

 

 

 

 

 

 

 

Net loss applicable to common stockholders

$

(1,430

)

 

$

(304

)

 

 

 

 

 

 

 

 

Weighted average shares outstanding – basic

 

31,171,234

 

 

 

31,148,234

 

Dilutive securities

 

—

 

 

 

—

 

Weighted average shares outstanding – diluted

 

31,171,234

 

 

 

31,148,234

 

Net loss per share – diluted

$

(0.05

)

 

$

(0.01

)

The effects of potential common stock equivalents related to certain outstanding options for the three months ended March 31, 2014 and 2013 of 1,090,000 and 1,237,000, respectively, have not been included in the computation of diluted net loss per share because the impact of the potential shares would decrease the loss per share.