Loss Per Share

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

15. Loss Per Share

The following table sets forth the computation of basic and diluted loss per share (in thousands except loss per share):

	Year Ended December 31,
	2011			2010
Numerator (In Thousands):
Net loss	$	(5,142	)	$	(18,098	)
Denominator:
Denominator for basic loss per share - weighted average shares		33,643,384			15,749,465
Dilutive effect of options and warrants		-			-
Denominator for diluted loss per share - weighted average shares		33,643,384			15,749,465
Basic and diluted loss per share:
Net loss	$	(0.15	)	$	(1.15	)

The effect of options and warrants for the periods in which we incurred a net loss has been excluded as it would be anti-dilutive. The options and warrants excluded totaled 588,800 and 6,370 for the years ended December 31, 2011 and 2010, respectively. Additionally, the potential dilutive effect of the conversion option related to the convertible debenture note with Merlin of 6,666,667 shares has been excluded from the above earnings per share calculations as they would be anti-dilutive.