Note 8 - Loss Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Text Block]

8. Loss Per Share

The following table sets forth the components used in the computation of basic and diluted loss per share.  For the years ended December 31, 2011, 2010 and 2009, all dilutive securities were excluded from the calculation as they were anti-dilutive as a result of the net loss for these respective periods.  Shares outstanding under the share lending facility are not treated as outstanding for earnings per share purposes in accordance with ASC 260 because the share borrower must return to us all borrowed shares (or identical shares) on or about October 1, 2012, or earlier in certain circumstances.

	Year Ended December 31,
	2011			2010			2009
	(Dollars in thousands, except per share amounts)
Numerator:
Net loss from continuing operations	$	(16,417	)	$	(11,724	)	$	(13,217	)
Less: Net loss from continuing operations allocated to preferred shareholder		7,101			6,849			8,025
Net loss from continuing operations available to common stockholders	$	(9,316	)	$	(4,875	)	$	(5,192	)
Net loss from discontinued operations	$	―		$	―		$	(569	)
Less: Net loss from discontinued operations allocated to preferred shareholder		―			―			346
Net loss from discontinued operations available to common stockholders	$	―		$	―		$	(223	)
Denominator:
Weighted average basic and diluted common shares outstanding		193,909,714			105,202,857			95,623,851
Basic and diluted loss per common share from continuing operations	$	(0.05	)	$	(0.05	)	$	(0.06	)
Basic and diluted loss per common share from discontinued operations		―			―			―
Basic and diluted loss per common share	$	(0.05	)	$	(0.05	)	$	(0.06	)