EX-11 7 v045661_ex11.htm
Exhibit 11
 

 
 
    
Year ended December 31,
  
     
2005
    
2004
    
2003
  
Basic:
                    
Weighted average shares outstanding
    
15,271,637
   
13,679,604
   
12,414,816
 
                     
Net Loss
  
$
(5,020
)
$
(6,410
)
$
(3,533
)
                     
Basic loss per share:
  
$
(0.33
)
$
(0.47
)
$
(0.28
)
                     
Diluted:
                    
Weighted average shares outstanding
    
15,271,637
   
13,679,604
   
12,414,816
 
                     
Net effect of dilutive stock options and warrants
                    
based on the treasury stock method
                    
using the year-end market price, if
                    
higher than average market price
    
-
   
-
   
-
 
                     
Total
    
15,271,637
   
13,679,604
   
12,414,816
 
                     
Net loss:
                    
Net loss
  
$
(5,020
)
$
(6,410
)
$
(3,533
)
                     
Diluted loss per share:
                    
Total
  
$
(0.33
)
$
(0.47
)
$
(0.28
)